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Oracle Tips by Burleson |
Web Stalkers
Chapter 8 - Identity Theft
Identity Theft
Identity theft is the impersonation of another
for the purpose of obtaining or using that person’s credit or other
funds. Often, financial institutions find the deception an
embarrassment. Unfortunately, identity theft has become a common
practice, and the financial institutions tend to absorb the losses
rather than suffer the publicity of having these breaches exposed.
To reduce identity theft, banks are undertaking
a consumer safety campaign. For example, Citibank has run a series
of advertisements to inform consumers about the danger of identity
theft. These advertisements portray the victims of identity theft
with a voice over by someone of the opposite gender or a markedly
different age group bragging about their shopping spree and how it
was free – for them.
Arizona Sen. John McCain and his wife, Cindy,
went unnoticed on a recent shopping spree at clothing and grocery
stores across the East Valley. They were shopping in name only. A
Peoria couple was arrested this week on suspicion of stealing their
identities.
-- East Valley Tribune July 17, 2004
The rate of identity theft crimes is growing.
Some criminals consider it a victimless crime, since the credit card
companies often absorb the losses. The criminal and victim may live
many miles apart, so the criminal feels safe committing this type of
crime.
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