ipl-logo

Credit Card Fraud Essay

834 Words4 Pages

Credit card fraud is a type of identity theft where a hacker steals the credit card information of a user to purchase something or withdrawing money from banks. It’s a critical crime in United States (Sayles, 2012). Everything is online now from paying bills to online purchase, a user can do anything without going anywhere physically. Even user can open a financial account. Because of this criminal can hack the user’s personal information like name, date of birth, social security number. With that information hacker can open a new account or can issue a new card with the same information (Sayles, 2012).
The result of the data breaches is a type of identity theft, where personal information like credit or debit card numbers and social security numbers or …show more content…

• Lastly, steal the credit card number of a user and try to use or sell or transfer it to another person or purchasing something of value with the intent to defraud (Sayles, 2012).
Steal Information to Sell There are various methods by which carders access personal information of a user like credit or debit card numbers or financial account information from stolen data. This financial information can be taken from many ways. In a large data breach when a company lost their users record that records may sell in bulk to carders by hackers. Stolen information can be from companies or restaurants or government agencies (Soudijn and Zegers, 2012).
Phishing is also a method in which financial information can be lost. Social security number is a very crucial information along with personal information like name, date of birth, email address, bank account information. A hacker can open a bank account with that identity or file a tax return or can take the government benefits. The main concern with social security number is once it is stolen, it is not easy to get a new one because it is permanent (Gerstner, 2015).
Types of

Show More
Related
485 Words | 2 Pages

It covers changing a criminal history; modifying information; and falsifying documents for identification purpose. Theft of intellectual properties: refers to multiple district types of creations of the mind for which a set of an exclusive right is recognized and the corresponding fields of law. Techno-vandalism: this refers to the intentional intrusion into a computer that results in damage to files or programs. Cellular phone fraud: involves the use of a cell phone and electronically bills charges to other customers by obtaining cellular billing identification codes through the use of scanning devices.

Read More
1723 Words | 7 Pages

The hackers used this access to install customized malware, used to extract data. Over 76 million customers and over 7 million businesses were affected. The data that was compromised included, names, addresses and phone numbers as well as additional information about the users that chase uses internally. ("Form 8-K," n.d.) Although there has been no evidence of lost funds, the possibilities of this attack we unsurmountable.

Read More
132 Words | 1 Pages

There are some many ways if Identity theft. There is when someone uses a person name, social security number. Medical Identity theft can come from a Friend, family, and acquaintances. Even by strangers, who can steal someone 's Identity who can obtain medical care, service, or equipment. They don 't have medical care.

Read More
1108 Words | 5 Pages

In the article, “Tighter Access To ‘Death Master File’ Has Researchers Worried,” Brian Naylor addresses how identity theft by obtaining personal documentation may lead to fraud. The Social Security Administration (SSA) possesses a record of over 50 million names of deceased Americans which is known as the “Death Master File” (Naylor 2). Families and services relating to a person’s death inform the SSA about the deceased’s “... Social Security number, name and dates of birth and death” (Naylor 3). Once the SSA receives the person’s data, the organization ensures “...checks don 't go out to the deceased, while survivors get the benefits they are entitled to” (Naylor 3).

Read More
213 Words | 1 Pages

Medical identity theft happens when someone uses any or all of your personal information, such as your name, social security number, or even insurance number, without your knowledge to obtain medical treatment, equipment, or services. Medical identity theft can be committed by anyone. There are numerous steps you can take to avoid this problem. Make sure your computer is logged out, or that the screen is locked when you step away from your computer. That way any information that is pulled up will no longer be able to be seen on the screen.

Read More
951 Words | 4 Pages

Having your identity stolen can be a scary situation. If people have any access to your information, they can do crazy things like take out money from your account. People can hack into your phone when you are in a fast food restaurant using the places wi-fi. If you have easy passwords like “ABC123” you're vulnerable to get hacked and have your identity taken from you. In Florida you can get a 2nd

Read More
1181 Words | 5 Pages

Every documented person in America is given a nine-digit number that is connected to multiple personal records. This includes, but is not limited to, bank accounts, credit cards, employment records, etc. Your Social Security number may be a material thing, but it protects your physical identity and should be kept

Read More
592 Words | 3 Pages

Preventing Medical ID Theft: Illegal Immigration Illegal immigration also poses a serious threat as medical ID theft continues to rise. When an illegal immigrant steals private information such as an individual 's Social Security number, he or she can obtain identification and numerous services reserved for legal residents. If precautions aren 't taken to prevent medical ID theft, an illegal immigrant can get a passport, driver 's license, bank account, credit card, loan, mortgage, insurance, medical treatment, and many other services. Preventing Medical ID Theft in Five Steps Begin preventing medical ID theft by following these

Read More
797 Words | 4 Pages

The Federal and State governments share the cost of Medicaid. Fraud, waste, and abuse in Medicaid drain taxpayer dollars and cause improperly high payment rate. Modern Healthcare reported (2015) that in 2014, the government reported nearly $80 billion misspent on Medicaid and Medicare. New York City is an example of local government struggling with Medicaid fraud; New York Times (2005) suggests that 40 percent of NYC’s Medicaid payments are “questionable”. Most of the reporting protocols are optional, and because reporting information consumes already-limited resources, many states choose not to report.

Read More
1002 Words | 5 Pages

Every time a baby is born in the U.S. they are given a social security number. This number will continue to be important until the day that they die. Young people often do not know the importance of Social Security except the fact that it is used often for identification purposes. In recent years there has been a lot of talk surrounding the Social Security system and the current crisis that it is facing. Of course there are many possible solutions to combat this crisis, but none without their faults.

Read More
740 Words | 3 Pages

Identity Theft One of the most common problems worldwide that people face is identity theft. Identity theft is an illegal act where one will use personal information in order to impersonate someone else. As technology advances, and people become more familiar with said technology, the methods of obtaining personal information becomes easier to identity thefts. Studies show that there are two ways that identity thefts acquire information and that it can either be done online or in person.

Read More
451 Words | 2 Pages

Be sure to always be cautious when a bank or government agency calls. Identity theft can easily be committed by posing as a bank or government official. Shred important information, and make sure someone who has access to your personal information keeps it safe. Now, you should be able to protect yourself from identity theft attacks, and are aware of the dangers if you fail to protect your personal information from thieves.

Read More
1681 Words | 7 Pages

2008 Identity theft Research and Several Methods to Prevent Identity Theft It has been said that identity theft is the biggest white receiver criminal action in the history of the U. s. Declares. It's been revealed by the Government Business Percentage that, “1 in 6 People in America will be a sufferer of identity theft this year alone. In the last 12 several weeks 9.93 thousand individuals have had some type of identity theft criminal action dedicated against them. Sufferers spend on regular $1,200 in out-of-pocket costs and a normal of 175 hours in your time and effort to take care of the many problems due to identity stammers.” Lawful identity theft happens when an importer gives another individual's name and private details such as a drivers' certification, beginning time frame, or Public Security variety (SSN) to acquire a job, real estate, cash, products, or other solutions.

Read More
841 Words | 4 Pages

Cyber criminals use the information they collect from a victims online platforms to illegally gain access to the victims bank account and credit cards. These criminals later use this information to steal money from the victim's accounts or take loans using the victim's name (Lai, Li, & Hsieh, 2012). Driver's license identity theft: Criminals use the information they obtain from victims social media platforms to steal or forge drivers licenses that have the victim's name. They then use these stolen licenses when they are caught thus implicating the victim in a crime he was not aware

Read More
1038 Words | 5 Pages

CYBER CRIME Cybercrime is one of the fastest growing type of crime in our society today and have also been a serious problem since it causes a lot of damages and also affect us in different ways. But before I go further let me start by telling you the meaning of cybercrime, Cybercrime is different and more heinous than normal crime that we know. This crime is committed in an electronic medium and here means read is not a requirement and is done in secret Feldman(2013). Cyber war takes place largely in secret, unknown to the general public of crimes include pornography, cyber fraud, defamation, cyber stalking, harassment, IPR theft, data hostage, money laundering, phishing, e-mail bombing, cyber war, illegal monitoring. Secondly let me talk about the effect of cybercrime in our society today.

Read More

More about Credit Card Fraud Essay

Related Topics

Open Document