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

Nowadays, the rate of financial crime has increased rapidly

due to

Linking Words

the progress in technology and other factors associated with

this

Linking Words

matter, these

crimes

Use synonyms

have a double effect on

victims

Use synonyms

and

society

Use synonyms

, and there are various causes of

this

Linking Words

trend. In

this

Linking Words

essay, I am going to elaborate on the roots of the effects with examples.

To begin

Linking Words

with, the potential reasons for

this

Linking Words

trend,

firstly

Linking Words

, in

this

Linking Words

modern era we live in,

the

Correct article usage

apply

show examples

financial

crimes

Use synonyms

are so common all over the world because of the increasing number of gang members who developed and created smart ways to steal individuals' money

such

Linking Words

as online scams and data theft.

For example

Linking Words

, many receive calls on a daily basis from anonymous numbers claiming that they are bank employees and need the private username and passwords to update their personal information,

therefore

Linking Words

, the

victims

Use synonyms

would easily believe them, and

as a result

Linking Words

of

Change preposition

apply

show examples

,

Linking Words

this

Correct determiner usage

apply

show examples

their money will be stolen from their bank accounts. If the financial

crimes

Use synonyms

succeeded, the consequences will be demonstrated in

society

Use synonyms

as well,

for instance

Linking Words

, the local economy will have a bad reputation and

this

Linking Words

will make global investors avoid investing in the country where financial

crimes

Use synonyms

are spreading.

Secondly

Linking Words

, identity theft is a serious crime that has been underrated for a long time, in Developing Countries that suffer from the lack of modern technology, individuals are prone to be

victims

Use synonyms

of

such

Linking Words

an atrocity,

for example

Linking Words

, In Egypt, the

last

Linking Words

governmental reports showed that many identification cards have been fabricated and used in escaping from criminal penalties

such

Linking Words

as murder and terrorism,

additionally

Linking Words

, these lawbreakers succeeded to flee from the country using these fake documents,

thus

Linking Words

the effects of

such

Linking Words

atrocities will not be only on

victims

Use synonyms

but

also

Linking Words

on

society

Use synonyms

because of the feeling of absence of justice. In conclusion, financial crime is a serious issue and it has become more dangerous over time because it includes identity theft which has severe equal consequences for individuals and

society

Use synonyms

.