offenders nowadays prefer the lower risk and more profitable use of data-based crimes.

It is true that economical

crime

is a heated topic nowadays. There will be several interpretations of

this

phenomenon and undoubtedly negative consequences for citizens in every country which I will discuss now. There are various reasons responsible for the

identity

fraud in every country. The main reason is the development of advanced technology allows people to store financial data and make online transactions.

This

could increase the risks for financial criminals to forge

identity

Suggestion

an identity

and hack these

people

Suggestion

peoples

’ bank accounts since they are able to collect personal details, which are valuable for hacking methods, from the internet

such

as social networks and exchanges.

Furthermore

, the reduction in others physically demanding type of

crime

can be a possible reason for

this

phenomenon. More specifically, the possibility of these

type

Suggestion

types

of crimes being under

arrested

Suggestion

arrest

is increasing significantly due to the surveillance system installed on the streets.

Therefore

, crimes nowadays prefer

the low

Suggestion

lower

the lower

risk and more profitable

ways

Accept comma addition

ways, such

such

as database stolen

instead

of the traditional methods. As an increase in

this

type

crime

, which committed against property, several related problems can be anticipated.

Firstly

,

identity

theft can pose a serious threat on

banking account

Suggestion

the banking account

of the users and steal a large amount of money.

In addition

to the loss of wage, sensitive information

such

as social insurance number are used for

illegal purpose

Suggestion

illegal purposes

an illegal purpose

,

for instance

, applying false loans and do not repay them.

Secondly

, victims might lose their job since they violate their company’s regulations.

For example

, employees who are victims of financial

crime

can lose their job since the valuable data of the company was lost after the data robbery. In conclusion, there are several factors result in fraud of

identity

and various harmful effects users’ finances and career in many countries nowadays.