In many countries, financial crime involving indentity theft is increasing. What are the causes of this trend, and what effect does identity thefts have on the victims involved ?

Financial fraud is a major concern in most of the countries.

However

, identical frauds augment the financial crime, which creates

problem

Suggestion

a problem

problems

for the masses.

This

essay will not only highlight the problems associated with

this

issue, but

also

present effects of it in the enlisted paragraphs. Apparently, the prominent cause of

this

trend is an online

payment

servicepayment

Suggestion

service payment

service.

This

is because of the invent of the internet, people often used online

payment

methods for shoppings and bills that makes

payment

process more convenient. For

this

reason, individuals, financial details are interlinked with their bank account, which can be hacked by fraudsters.

Furthermore

, the identity thefts hack the transaction details from the internet. According to the recent survey has been conducted by the Cyber Security Branch of Delhi reveals the cyber crimes increase from 35% to 65% in the

last

three decades, due to online

payment

methods. Another specific reason, unsafe internet connection.

In other words

, people use different websites for their purposes and they fill personal information

such

as name, address or email ID that creates

problem

Suggestion

a problem

problems

for them.

Moreover

,

theft

Suggestion

the theft

can easily get information from email, which does not have anti protection for it and

this

lead a serious issue for individuals.

Thus

, online

payment

methods and a unprotected website lead to financial fraud. There are detrimental effects that victims

face

.

First

and foremost issue is financial problems. To explain

further

, sufferers underwent in many financial crisis, which has a negative impact

of

Suggestion

on

their

life style

a manner of living that reflects the person's values and attitudes

lifestyle

. Along with

this

, debts and lone problems arise in their life, which creates conflict in the family.

For instance

, many people keep their home or car for sales to pay back the loan.

Secondly

,

this

crime has a harmful effect on the victim's mind. To explain in detail, people

face

depression and anxiety because of financial crisis, which leads

problem

of mental illnesses. Owing to

this

they sometimes they commit suicide or offences crime

such

as murder or shoplifting.

Hence

, suffered

face

instability in their life and at the same time they

face

the trauma. In conclusion, identity theft problems are tremendously increasing in many nations. Because of advance technology and corrupted websites, fetch all personal information about the person, and

this

problem

has a colossal impact on the person's

lifelife

a crease on the palm; its length is said by palmists to indicate how long you will live

lifeline

.

Therefore

, some precautionary steps must take

by

Suggestion

from

individuals.