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You will prepare and submit a term paper on Electronic Identity Threats. Your paper should be a minimum of 1500 words in length.
You will prepare and submit a term paper on Electronic Identity Threats. Your paper should be a minimum of 1500 words in length. The Internet has become the fastest-growing technology. As the Internet continues to evolve, threats related to hacking and security breaches are protected by cryptographic protocols but electronic identity theft has risen. According to the statistics available on ‘CIFAS’, identity fraud has taken a stride forward with the increment of 10% in the first nine months of 2010 as compared to the year 2009, the imitation has augmented to 18.38% from the same period in the year 2009(, CIFAS calls for unified action to tackle identity fraud - CIFAS Online ). Data stolen by cybercriminals are trade-in or being sold to the other parties for financial gain. Identify theft is defined as the confidential information of an individual is used to trade in for money by means of fraud. The impact of this threat occurs on the person who has opened a bank account or registered on any website for any purpose providing full name, address, birth date and other relevant information. The attacker can use the information of user identity for obtaining money or goods by fraud.
Identity theft which is more likely a crime is spreading at a robust pace in the United Kingdom. According to statistics from Credit Industry Fraud Avoidance Services (CIFAS), more than 70,000 people were the victim last year which is massive (, identity, fraud - MoneyWeek). It is a fraud that is conducted by a cybercriminal with the stolen information of someone else data. The data may include driving license, passport, identification card, bank statements, and data available online, for example, usernames, passwords, birth dates, and secret questions. By gathering this information a cybercriminal can attack the bank account of the individual to take cash from the bank account and reimburse new bank loans, credit cards without knowing the individual or the victim. There is another dimension of electronic identity theft which can be .conducted to physically steal personal documents including bank statements, checkbooks, investigate trash bags for confidential data and steal mails from the post boxes. .
