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
frauds
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fraud
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. There
are
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is
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increasing
finacial
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financial
crime using
idnetity
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identity
theft has been a significant issue in
the
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apply
show examples
society. In
this
essay, I will discuss some of the causes and solutions
of
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to
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this
problem. The most significant problem is
the
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apply
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electronic banking
frauds
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fraud
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using
thefted
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theft
credentials. It
is believe
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is believed
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that approximately five hundred million
dollers
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dollars
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in
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financial theft
happening
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happens
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every year in the electronic banking sector.
In contrast
, there are only less than 10
percent
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per cent
show examples
of total banking fraud
is
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apply
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happeing
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happening
through conventional banking methods. To prevent
this
banks should
develope
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develop
stronger technologies for
internet
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Internet
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and mobile banking.
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
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financial
transactions are using
the
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apply
show examples
false
identity
. To illustrate, In several agencies are under police investigation in
Duabi
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Dubai
for money
launderd
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laundering
using
thefit
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their
identity
. To resolve
this
issue, the authority has to
develope
Correct your spelling
develop
a clear process to relate electronic identification documents and
Correct article usage
the
show examples
orginal
Correct your spelling
original
person, and require to
develope
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develop
stricter laws to
privent
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prevent
this
. In conclusion, Financial crimes are increasing using
identity
theft
especially
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, especially
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in
electronic
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the electronic
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banking sector. The government should act to protect
people
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people's
show examples
money and provide them financial security.
Submitted by ck.manshad on

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