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?

In
this
modern world, people tend to use the internet for performing online transactions and sharing their live updates.
This
rising usage of personal information on the internet
,
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creates an opportunity window for cyber criminals to consume these data and utilize it for their benefit. In fact, in
this
decade
such
financial scams involving
identity
theft
are on the rise and these can be a huge blot on our world economy. These
identity
thefts mainly occur
due to
two key reasons. The first obvious reason is
due to
the increased usage of social media and the oversharing of personal information on these sites.
For example
, if a scammer, comes across these data, they can easily create a similar
identity
and can reach out to their friends for financial benefit. In fact, some of my friends in Singapore have expressed they were duped by
such
identity
theft
.
Moreover
,
according to
a global survey, the common password people typically keep for their bank & email accounts is their date of birth. So, by posting
this
data for public display, these criminals easily can gain access to our
account
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and swindle our hard-earned money with ease. The second reason for the surge in
identity
theft
is the lack of stringent cybersecurity laws in many
of
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the countries and lack of public awareness
over
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of
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these issues.
For instance
, developed countries like Singapore implemented stringent cybersecurity policy frameworks and made an effort to create awareness among the masses. The lack of these efforts in many of the developing economies assists these
identity
stealers to roam freely in
the
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society, without being caught in the eyes of the public. Victims of
this
identity
theft
mainly suffer from severe financial loss and in many instances, their life savings or loan amount
,
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could be easily disappeared from their
account
. They
also
face difficulty in accessing their
account
, as the criminals tend to change the password immediately after gaining access to the victim's
account
. In some extreme cases,
this
also
can result in legal issues, when the stolen identities were used for illegal activities like narcotics etc. So to put it in a nutshell,
identity
theft
is one of the burgeoning crimes in
this
modern world. In order to prevent
this
from becoming a bigger nuisance, the government should implement strict cybersecurity laws and take steps for public awareness.
However
, in my opinion, the best possible way to minimize
this
problem is by not oversharing personal information in public forums.
Submitted by nusramkumar on

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Coherence and Cohesion
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Task Achievement
Enrich your essay with a wider range of vocabulary, particularly when discussing key concepts or explaining the causes and effects of identity theft. This will emphasize your lexical resource and analytical depth.
Task Achievement
For a stronger Task Achievement, it could be beneficial to explore more deeply the implications of identity theft on a societal level, discussing its broader impacts beyond individual victims. This can provide a more multifaceted understanding of the topic.
Coherence and Cohesion
The introduction and conclusion effectively frame the essay, providing a clear overview and encapsulation of your arguments.
Coherence and Cohesion
The essay maintains a good logical structure, connecting ideas in a way that is easy to follow. Each paragraph focuses on a specific aspect of the issue, which aids in clarity and cohesion.
Task Achievement
Your use of specific examples, especially the personal anecdote and reference to global surveys, effectively supports your main points and makes your arguments more convincing.

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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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    • Sentence 1 - Topic sentence
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Topic Vocabulary:
  • cyber-criminals
  • exploit
  • security weaknesses
  • oversharing
  • stringent
  • cybersecurity measures
  • emotional distress
  • restoring one’s identity
  • legal issues
  • financial credibility
  • significant financial decisions
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