In many countries, financial crimes involving identity theft is increasing. What are the causes of this trend, and what effect does identity theft have on the victims involved? Give reasons for your answer, and provide ideas and examples from your own experience.
Nowadays technologies are used for financial financial theft
frauds
. There Fix the agreement mistake
fraud
are
increasing Correct subject-verb agreement
is
finacial
crime using Correct your spelling
financial
idnetity
theft has been a significant issue in Correct your spelling
identity
the
society. In Correct article usage
apply
this
essay, I will discuss some of the causes and solutions of
Change preposition
to
this
problem.
The most significant problem is the
electronic banking Correct article usage
apply
frauds
using Fix the agreement mistake
fraud
thefted
credentials. It Correct your spelling
theft
is believe
that approximately five hundred million Change the verb form
is believed
dollers
Correct your spelling
dollars
Change preposition
in
happening
every year in the electronic banking sector. Wrong verb form
happens
In contrast
, there are only less than 10 percent
of total banking fraud Change the spelling
per cent
is
Unnecessary verb
apply
happeing
through conventional banking methods. To prevent Correct your spelling
happening
this
banks should develope
stronger technologies for Correct your spelling
develop
internet
and mobile banking. Capitalize word
Internet
As a result
, credibility and security will increase in the modern banking systems.
Furthermore
, another significant issue is the financial transactions using the electronic identity
of others . Several incidents are reported that fiancial
transactions are using Correct your spelling
financial
the
false Correct article usage
apply
identity
. To illustrate, In several agencies are under police investigation in Duabi
for money Correct your spelling
Dubai
launderd
using Correct your spelling
laundering
thefit
Correct your spelling
their
identity
. To resolve this
issue, the authority has to develope
a clear process to relate electronic identification documents andCorrect your spelling
develop
Correct article usage
the
orginal
person, and require to Correct your spelling
original
develope
stricter laws to Correct your spelling
develop
privent
Correct your spelling
prevent
this
.
In conclusion, Financial crimes are increasing using identity
theft especially
in Add the comma(s)
, especially
electronic
banking sector. The government should act to protect Add an article
the electronic
people
money and provide them financial security.Change noun form
people's
Submitted by ck.manshad on
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Fully explain your ideas
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- Sentence 1 - Background statement
- Sentence 2 - Detailed background statement
- Sentence 3 - Thesis
- Sentence 4 - Outline sentence
- Paragraph 2 - First supporting paragraph
- Sentence 1 - Topic sentence
- Sentence 2 - Example
- Sentence 3 - Discussion
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- Paragraph 3 - Second supporting paragraph
- Sentence 1 - Topic sentence
- Sentence 2 - Example
- Sentence 3 - Discussion
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- Sentence 1 - Summary
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- Sentence 3 - Prediction or recommendation
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Essentional vocabulary list for IELTS Writing 7+
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