Monday, 21 March 2011

Impact of Identity Theft

One type of common cyber crime is identity theft. It can be found easily in newspaper.

**Identity theft is defined as a crime in which criminal obtains other people personal information for example ID and name to obtain credit, merchandise, and services using victim's name. In this case, victims have to pay the price for something that is not done by them. While the criminal is safe from the crime they done.

Usually the impact of the crime is bad. Victim of the crime will be declared bankrupt if they don't settle the bank loan, or the money they owe. An example of identity theft, please refer below link where a woman declared bankrupt because of identity theft and she have to pay bank loan for the car she didn't buy. 

Sample of Identity Theft Case

Through this sample case raises the questions is it safe to disclose our personal informations, in the cyber world, why the criminal is undetected and why victim have to pay for the fraud didnt done by them, is there any cyber law that can protect us from Identity Theft, is our CyberLaw sufficient towards Identity Theft..  

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