...carry a current amount of credit card in there wallet, everything else should put inside a safe. Always monitor the bank statement and etc. Checking the mail for missing account statements is another way to protect from identity theft and fraud. If someone going on vacation that person should ask the post office to hold all their mail until that person came back, to prevent identity theft and frauds. People should invest in a shredder to shred unwanted information. Use a secure website to access information, never enclose personal information by the phone. Check bank statement and credit card statement very careful each month to see any unwanted purchase. If that person sees any unwanted purchase notices their credit card immediately. Thesis: One day you receive a call from your bank, stating you had just made a purchase for a random estimate of 5,000 dollars. But you did not go on a shopping spree. Your identity just has stolen. How secure is your identity? Do you ever wonder about your identity? Ways to prevent/protect yourself from identity theft and frauds. I. One thing you should be aware about is your bank account. A. Once your ATM has been compromises change your pin right away. B. Get new ATM cards if it has been compromised. C. Contact the bank if you see any suspense in your bank account. I. Another way is keeping your social security secure in a safe. A. Do not write your Social Security card piece of paper. B. Do not give out your personal...
Words: 2515 - Pages: 11
...Shondrick Stephens NT1110 Unit 10 Research Project Identity Theft “But he that filches from me my good name/ Robs me of that which not enriches him/ And make me poor indeed.” Shakespeare, Othello, Act 3 Scene 3 For as long as people have created civilizations there has been some sort of identity theft. Identity theft is when someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, usually for economic gain. Your name, birth date, address, Social Security number, your bank account or credit card number, your telephone calling card number, and other valuable identifying data can be used, for identity theft if they were to fall in the wrong hand, for personal profit at your expense. That bad part is that in the past it was not even a crime. In October 30, 1998 through the enactment of the Identity Theft and Assumption Deterrence Act of 1998, 18 USC & 1028 (a) (7). This Act states that identity theft occurs when a person: “knowingly transfers or uses, without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of Federal law, or that constitutes a felony under any applicable State or local law.” There are several ways a thief can steal your identity. And there are also just as many way to...
Words: 1213 - Pages: 5
...transaction identities is necessary for operation of these payment systems. However, this information sharing can facilitate fraud in the form of identity theft. Information sharing can also create conflicts of interest that may not be easily resolved through the operation of the marketplace. Thoughtful public policy should be aimed at resolving these conflicts. The ultimate goal of regulation should not be absolute privacy of consumers or complete suppression of identity theft, but instead the promotion of efficient confidentiality of personal information . Too much white space. What is Identity Theft? Identity theft is a crime when someone without permission uses of another person’s identifying information, such as credit card, social security, or driver’s license numbers, to commit financial or other crimes. Identity theft is generally a means for committing other offenses such as fraudulently obtaining financial credit or loans, among other crimes. Beginning of Identity Theft When thieves have your personal information, they can drain your bank account, run up...
Words: 1740 - Pages: 7
...past century, we now use cards, computers, and even mobile phones to pay for everything from our morning coffee to a taxi cab. Yes, technology is changing drastically, but what does it have to do with "the death of cash?" In this research paper I will define what is meant by "the death of cash," how studies show this may take place, and reasons why it may or may not be a good idea. Cash has been on the decline for a while. Bills, health insurance, rent and most day to day necessities are most likely not being paid by cash, ever since the making of credit/debit cards and the invention of e-payments.The way we bank is changing everyday thanks to online technology and smartphones. Most banks now allow you to transfer money and pay bills online. Some have systems that allow you to deposit funds with just a picture. And some allow you to swipe your phone over a reader in order to pay a cashier.As people become more comfortable paying with credit cards and electronic payment options, cash will become less important, hints the quote, "the death of cash." The Death of Cash article talks about an up and coming Company by the name of Square. Square is, as it says on their website, the easiest way to get paid, and to pay. Some of Square's products are the Square Card Reader, Square Register and the Pay with Square app. The Square Card Reader allows you to accept credit cards using your mobile device. The Square Register app allows you to accept credit card payments on your iPad. The...
Words: 1932 - Pages: 8
...without your permission. It’s a serious crime that can damage your finances, credit history, and reputation. It can take time, money, and patience to resolve. Once identity thieves have your personal information, they can drain your bank account, run up charges on your credit cards, open new utility accounts, or get medical treatment on your health insurance. Furthermore, the internet offers access to a world of products and services, entertainment and information. At the same time, it creates opportunities for scammers, hackers, and identity thieves (Privacy and Identity). Identity thieves are resourceful. They dig through your garbage, the trash of businesses, or public dumps. They may work or pretend to work for legitimate companies, medical offices, clinics, pharmacies, or government agencies, or convince you to reveal personal information. Some thieves pretend to represent an institution you trust, and try to trick you into revealing personal information by email or phone. Some of the clues that your identity has been stolen are for example: withdrawals from your bank account that you can’t explain; don’t get your bills or other mail; debt collectors call you about debts that aren’t yours; unfamiliar accounts or charges on your credit report; medical providers bill you for services you didn’t use; IRS notifies you that more than one tax return was filed in your name; get notice that your information was compromised by a data breach at a company where you do business...
Words: 908 - Pages: 4
...Data Theft Paper Data Theft Paper Data theft is when information is unlawfully copied or taken from a business or individual. This information is user information such as passwords, social security numbers, credit card information, other personal information, and confidential corporate information. Within this paper several examples will be giving as, I explore how data theft has affected individuals and organizations. What can organizations and individuals do to protect them from becoming victims of this type of fraud. When stolen data happens such as people’s identities or an organization’s information the potential harm is huge with major economic and legal implications. The worst thing about the data theft is that it can remain undetected. It is devastating when you find out as a boss that an ex-employee has stolen the company information for personal gain, profit, or to ruining the company completely. A survey released by Information Week (informationweek.com) and Accenture in July 2007 showed that 89 percent of 1,010 U.S. companies still felt vulnerable to data theft (McNurlin, Sprague, & Bui, 2009). For example the Boeing Company had an ex-employee who illegally downloaded thousands of pages of significant business documents to his computer. It was anticipated if any of those documents had gotten into the wrong hands of Boeing’s competitors it could have cost them $5 to $14 billion dollars (McNurlin, Sprague, & Bui, 2009). In 2008, a data theft...
Words: 2318 - Pages: 10
...Individual Project #4 Quality Management and Continuous Improvement Control & Six Sigma James Hawthorne American InterContinental University April 14, 2013 Abstract This paper looks at the process mapping for the new check-in and check-out procedures, along with the new procedure for offering fresh towels and linens for guests. The cost savings and improved customer satisfaction is presented, as well as the redirection of labor costs in some unexpected areas. The team of DYKOM does make a recommendation at the end to the management team on what it will take to fully integrate the new method and process mapping. Introduction: The staff at DYKOM would like to thank the management team at Hotel Escargo for opening up the entire hotel operations window, and allowing DYKOM to observe and critique the hidden logistics of what it takes to provide Hotel Escargo’s level of customer satisfaction at the front desk for checking-in and checking-out valued guests, and also for the way it handles additional linen and towel requests. In previous meetings between DYKOM and Hotel Escargo the need to change the process of checking guests in and out has been discussed and the redesign approved. The DYKOM team has provided flow charts for the improved operations in an effort to expedite guests to their rooms to relax and begin recreating. However, DYKOM has received a few correspondences from the hotel management team wanting a more detailed, but simplified breakdown of...
Words: 1482 - Pages: 6
...Order Code RL33199 Data Security Breaches: Context and Incident Summaries Updated May 7, 2007 Rita Tehan Information Research Specialist Knowledge Services Group Data Security Breaches: Context and Incident Summaries Summary Personal data security breaches are being reported with increasing regularity. Within the past few years, numerous examples of data such as Social Security, bank account, credit card, and driver’s license numbers, as well as medical and student records have been compromised. A major reason for the increased awareness of these security breaches is a California law that requires notice of security breaches to the affected individuals. This law, implemented in July 2003, was the first of its kind in the nation. State data security breach notification laws require companies and other entities that have lost data to notify affected consumers. As of January 2007, 35 states have enacted legislation requiring companies or state agencies to disclose security breaches involving personal information. Congress is considering legislation to address personal data security breaches, following a series of high-profile data security breaches at major financial services firms, data brokers (including ChoicePoint and LexisNexis), and universities. In the past three years, multiple measures have been introduced, but to date, none have been enacted. This report will be updated regularly. Contents Introduction . . . . . . . . . . . . . . . . . . . ....
Words: 18803 - Pages: 76
...Research Paper Target Security Breach Abstract In late 2013 Target Corporation’s network encountered a security breach in which millions of credit cards and customer personal information was stolen by malware that was installed onto their network. This information was to be sold on the black market to others for their illegal use. Target Corporation was indeed made aware that there was some peculiar activity within the network before the information was stolen. Their million dollar malware software, monitored by FireEye, picked up on the attack several days before any information was removed from the Target Corporation servers. Target Corporation could have easily prevented the majority of the attack and reduced if not eliminated the amount of credit cards and personal information that was stolen. The fact that Target Corporation was warned of the initial breach, as well as an additional breach, and did not respond for two weeks is unfathomable and unethical. The Target Corporation has a duty to secure any and all credit card and personal information that they collect from their customers. I believe that in this case Target Corporation did not act accordingly and should be held liable. Target Corporations lack of response and inability to take action goes against all ethics and how the situation should have been handled. Target Security Breach In mid 2013 Target Corporation hired a security firm, FireEye, to install a malware...
Words: 2925 - Pages: 12
...Topic Eight: Direct Deposit and Payroll Cards Course Manual for Payroll Practice and Management Online Series 2010 All rights reserved Author: Vicki M. Lambert, CPP Vicki M. Lambert, LLC Introduction Direct deposit is an application of the system known as Electronic Funds Transfer (EFT). This is a system by which commercial payments are made electronically instead of using paper instruments such as checks or drafts. Direct deposit of an employee's wages is extremely popular among employers and employees alike. Employer save money by eliminating the cost of printing checks and replacing lost checks, and the employee also saves time and money by not having to stand in line to make a bank deposit. In addition, many banks give free checking if the paycheck is direct deposited. More and more employers are establishing direct deposit programs under which the net check is deposited directly into an employee's personal checking or savings ac- count. Some employer programs involve direct deposit only to employee accounts at the financial institution where the employer maintains its payroll account. This is known as an "Intra Bank" option. However, an increasing number of direct deposit programs make use of a nationwide network of automated clearing houses (ACHs) that enables the employer to make payroll deposits into accounts maintained by employees at almost any financial institution in the country. Advantages of Direct Deposit Benefits for the employer include: Cost Savings:...
Words: 7828 - Pages: 32
...Neiman Marcus Hacking and Securing a POS System John Fischer Security Research Paper 9/22/2014 For several years we have been using the point of sale (POS) system for payment at major retailers. In the last year there have been several attacks on major retailers POS systems. In this paper, I will focus specifically on the breach of security at Neiman Marcus. In this discussion I will explain how to help secure a POS system. Neiman Marcus was founded in 1907 by Herbert Marcus with his sister, Carrie Marcus Neiman, and her husband A.L. Neiman. Their initial investment was $25,000. The original Neiman Marcus was on the corners of Elm and Murphy streets in Dallas, Texas. In 1913 a fire destroyed the companies building and its entire inventory. A new building was built in 1914 on the corners of Main and Ervay, also in Dallas, Texas. Neiman Marcus’ headquarters is still located in this building. Neiman Marcus is a high end retail store. The target market for Neiman Marcus is the top 2% of the income bracket of the United States, plus the wealthiest people around the world. Neiman Marcus retails high end goods such as clothes, jewelry, cosmetics, home furnishings, antiques and even rare books. Neiman Marcus also has an online store, started in 1999, that offers customers access to high end luxury goods. In 1926 Neiman Marcus first issued their holiday catalog. Many different items have been offered in their holiday catalog, including life size robots and jetliners...
Words: 1694 - Pages: 7
...The lady commanded him to pay the money as soon as possible or she would involve the police. Peter realized that he may have identity theft, and with that thought he never went back to sleep. "Identity theft occurs when an unauthorized person obtains another's name and a piece of critical identifying information about that person such as a credit card or bank account number, social security number or driver's license number. With these two pieces of information, someone can open credit card accounts in someone else's name and go on spending sprees for personal items or for things that can easily be sold. When bills are not paid, the delinquent account shows up on that person's credit report. The identity thief can change the mailing address on the victim's credit card account thus delaying the discovery of the theft. The imposter then runs up big bills on the victim's account, and since they are being sent to the new address, one would have no way of knowing any of this was going on” ( Poster, 119). Identity theft is one of the biggest and most costly crimes committed today. Every second of the day someone’s identity is stolen. This often results in a person losing almost everything including their most valuable asset, their name. However, who pays for all of the transactions and purchases? Who is the actual victim? What...
Words: 2766 - Pages: 12
...Enterprise Cloud Computing: The future of enterprise networking Justin Winter American Military University The term “cloud computing” is one of many new buzzwords in the technology world. Unfortunately as buzzwords go they tend to become obsequious and as a result of this obsequiousness, the term “cloud computing” is so broad that it can encompass anything from online storage products like Dropbox to entire online enterprise solutions provided by Amazon Web Services. While the term cloud computing may be obsequious, there is a reason IBM recently invested $3 billion to further research and development to benefit cloud computing and big data. ("IT Digest") Enterprise cloud networking is a relatively new technology, yet it is already available in multiple favors. For instance Amazon Web Services offers complete cloud solutions for anything from personal website and database solutions to full corporate solutions that range from simple storage solutions to user defined security groups. On the other hand, components provided by Cisco's Meraki division, offer complete network management as an easily accessible web based tool. The National Institute of Standards and Technology (NIST), which is a part of the U.S. Department of Commerce defines Cloud Computing as “a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned...
Words: 2967 - Pages: 12
...Identity Theft Abstract This research paper will examine what is known about identity theft. The paper begins with defining the crime and its background, followed by a review of the patterns and incidences of identity theft. This review will include data on the extent and costs of this crime. Discussion will then focus on victims and perpetrators of identity theft. Common techniques used by identity thieves will be explored along with tips to protect consumers and businesses from having their identities stolen or data breached. Legislation in place to prevent and prosecute identity theft will be discussed. How to report identity theft is also explained. Defining Identity Theft The U.S. Department of Justice defines identity theft, also called identity fraud, as “all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain” (U.S. Department of Justice, 2015). Identity thieves use personal data such as Social Security numbers, bank account or credit card numbers to personally profit at the victim’s expense. These breaches allow thieves to take funds out of bank accounts or in the worst cases, take over a victim’s identity completely, running up huge debts and committing crimes using the victim’s name. Victims not only suffer the out-of-pocket financial losses, but they may have to rebuild their reputation in the community due...
Words: 4583 - Pages: 19
...Mobile Payments: Problem or Solution? Implications for financial inclusion Mike George, Linda Lennard and Kate Scribbins Foundation Further information This report and a summary version are available as a pdf from www.friendsprovidentfoundation.org. The summary is also available in print from Friends Provident Foundation, Pixham End, Dorking, Surrey, RH4 1QA (foundation.enquiries@friendsprovident.co.uk and www.friendsprovidentfoundation.org). Published 2013 by Friends Provident Foundation Pixham End Dorking Surrey RH4 1QA © AnKa 2013 ISBN 978-1-908769-08-4 (pdf ) All rights reserved. Reproduction of this report by photocopying or electronic means for non-commercial purposes is permitted. Otherwise, no part of this report may be reproduced, adapted, stored in a retrieval system or transmitted by any means, electronic, mechanical, photocopying, or otherwise without the prior written permission of Friends Provident Foundation. Friends Provident Foundation Friends Provident Foundation is a grant-making charity working to create the conditions throughout the UK for improved access to appropriate financial services for those who are currently excluded, particularly those on low incomes or otherwise vulnerable to market failure. It particularly wants to encourage thinking that deals with the causes of the problem. Established as part of the demutualisation of Friends Provident Life Office in 2001 and the flotation of Friends Provident plc, it is independent and has its own board...
Words: 22333 - Pages: 90
