Question

In: Finance

Aside from potential financial losses, what are two other negative impacts an identity theft victim might...

Aside from potential financial losses, what are two other negative impacts an identity theft victim might encounter? What steps should you take if you become a victim of identity theft? Provide references to support your answers.

Solutions

Expert Solution

A person suffered losses via financially or personally from someone unknown who used his or her identity for some purpose is called identity theft victim.

Other than financial, the two negative impacts an identity theft victim may encounter are : 1. Destroy reputation by false crime allegation : suppose your passport had stolen and used by a criminal for his sake of travelling abroad for illegal crime. Then you could have to face arrestation by police and get in jail. Some lenient persons having no knowledge how to kept safe your identity would suffer this alot.

2. Committed suicide : the victim may committed suicide in fear of wrong use of his name and personal information.

There are followings STEPS one should have to take if he become a victim :

1. File an FIR against your losses.

2. Keep secret or safe your details like bank accounts , password , debit or credit card numbers if save anywhere else.

3. Immediate change your pin number as well as inform your bank request to hold your bank details ..

4. Compliant to police that is must if any financial losses occur . It also help to safe you from any criminal impacts.

5. Check your social ids whether these are to be used or not. Keep locking with secure password.


Related Solutions

The negative impacts of identity theft. Many people have become victims of identity theft. Banks and...
The negative impacts of identity theft. Many people have become victims of identity theft. Banks and credit card companies may pay for the financial losses that individuals may incur. However, victims may go through emotional stress before they are paid by their banks. It's also time consuming because they have to dispute their financial loss with the banks and credit card companies by completing paper work. can you please explain how the identity theft can be stopped by banks and...
The negative impacts of identity theft. Many people have become victims of identity theft. Banks and...
The negative impacts of identity theft. Many people have become victims of identity theft. Banks and credit card companies may pay for the financial losses that individuals may incur. However, victims may go through emotional stress before they are paid by their banks. It's also time consuming because they have to dispute their financial loss with the banks and credit card companies by completing paper work. Can you please explain how the identity theft can be stopped by banks and...
What can consumers do to prevent becoming a victim of medical identity theft?
What can consumers do to prevent becoming a victim of medical identity theft?
What negative impacts might there be from the hosting of the Olympic Games? Full sentences please....
What negative impacts might there be from the hosting of the Olympic Games? Full sentences please. I need this answered ASAP. Thanks in advance.
How has technology successfully helped with the challenges/issues of identity theft? In other words, what role does technology play in the solution of identity theft problems?
1. What caused the problem of identity theft to begin with?2. How has technology successfully helped with the challenges/issues of identity theft? In other words, what role does technology play in the solution of identity theft problems?3. How has technology made challenges/issues of identity theft worse? In other words, what role does technology play in the problem of identity theft?4. How could identity theft be prevented or stopped?
Explain what the elements are for Identity Theft and how they differ from the elements of...
Explain what the elements are for Identity Theft and how they differ from the elements of Larceny.
Which other types of educational preventive care services might hospitals try to initiate aside from counseling?
Which other types of educational preventive care services might hospitals try to initiate aside from counseling?
What does a governmental marketing order do in the US? List two negative impacts and two...
What does a governmental marketing order do in the US? List two negative impacts and two positive impacts of a large scale shift to local food production?
What are some potential impacts that can occur in an economy from a changing real rate...
What are some potential impacts that can occur in an economy from a changing real rate of interest?
With regards to coping with stress through Mindfulness Meditatio, what other benefits might there be from...
With regards to coping with stress through Mindfulness Meditatio, what other benefits might there be from focusing on regular, rhythmic breathing? What is the advantage to focusing on your own body’s actions rather than an object or chant (such as a mantra)?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT