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Identity Theft Research Paper

337 Words2 Pages
So if identity theft is so popular and so prevalent, why can’t it be detected or deterred? Credit card companies and financial institutions have been identifying suspected cases of fraudulent activity on individual’s accounts in several manners. These transactions are being flagged based on the individuals personal spending habits, abnormal clusters on transactions that do not match the profiles established. As humans, we are creatures of habit and each one of us has our routines, favorite locations to shop and without knowing it we can be predictable in our habits. In this example, a consumer has a specific bank card that they have been approved for and carry it in their wallet for emergencies. If one transaction occurs on this account,

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