Define Identity Theft
Can you define “Identity Theft”? Don’t worry about it. As of December 1, 2007, the Federal Trade Commission’s (FTC) definition goes into affect.
Although the definition is somewhat broad in scope, it was designed that way to aid the victims of identity theft and prosecute the perpetrators.
Identity theft is the fastest growing white collar crime worldwide. (FTC) And according to Valerie McNiven security adviser to the Department of Treasury, stated that, “cybercrime is now more profitable than illegal drug trafficking”… She went on to say that it was costing about 155 billion a year and going to become worse with the development of technology in other countries.
And guess what? It would behove all of us to recognize an element of the Internet that is pervasive and a scourge on the World Wide Web… They are “identity theft” and “cybercrime”.
Here is how the FTC defines identity theft: “a fraud committed or attempted using the identifying information of another person without authority”.
Your Internet Safety Advisors,
Dave Ballard
Bill Wardell
Filed under: Define Identity Theft
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