In many countries, a financial crime involving identity theft is increasing. What are the causes of this trend, and what effects does it identity theft has on the victims involved?

Nowadays,

economical

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economic

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crimes are increasing rapidly across the globe. Financial crimes involving

identity

theft

are growing

among

Change preposition

in

show examples

many countries.

This

essay will discuss the major causes of

this

situation and the effects on the

victims

involved. To commence, the main causes of

identity

theft

are

data

breach

Fix the agreement mistake

breaches

show examples

and phishing.

Firstly

, stealing personal

data

is one of the major

source

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sources

show examples

of

this

problem.People who leave their computers and mobiles unlocked are more prone to

this

type of breach.

For example

, stolen Social insurance numbers are misused for

applying

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applying for

show examples

credit from banks.

Secondly

, individuals receiving phishing emails working in

the

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apply

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information technology companies are

also

affected by

this

situation. Users who are opening those emails will be affected by

data

hacking.

For instance

, hackers will use your

data

in

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on

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the computer for various illegal purposes

such

as selling that

data

to

anti social

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anti-social

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elements. The major effects that

identity

theft

has on the

victims

involved are becoming bank defaulters and unemployed.

Although

the criminals steal lots of

data

, sensitive information

such

as social insurance numbers are utilized for illegal purposes. They use

this

data

for

applying

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applying for

show examples

false loans and skip to repay them. To illustrate, providing the

victim

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victim's

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social numbers to the bank and default

while

paying the instalments.

In addition

, citizens who are affected by personal information

theft

lost

jobs

Correct pronoun usage

their jobs

show examples

since they violated

the

Correct article usage

apply

show examples

company regulations. To give a clear example, employees who are

victims

lost jobs

due to

loosing

Replace the word

losing

show examples

valuable

data

of the company after the

data

robbery.

To conclude

, financial crimes related to

data

robbery are climbing day by day around the world.

This

essay has discussed two major causes of

identity

theft

and the effects on the

victims

who are involved in

this

crime.