Cybercrime is skyrocketing and spiraling out of control. We hear about it every day and it's hard to control. There are different types of cybercrime that we hear daily like phishing, social engineering, identity theft, malware, etc. Among all these identity thefts, the most common form of crime in the 21st century. Identity theft occurs when someone attempts to access our personal name, social security number, debit/credit card number to commit scams or fraudulent activities. According to a 2006 Javelin Strategy & Research study, more than 8.4 million adults were victims of identity theft. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay. Identity theft has many impacts on individual lives, but the two most harmful effects of identity theft are financial harm and non-financial harm. Financial loss basically means loss of money and property. There are several types of ways in which the victim may suffer financial harm, including misusing the social security number, debit or credit, opening a new bank account in the victim's name, reporting of income, the purchase of automobile goods and other valuable items. things in the victim's fund or credit owed to this victim must spend so much money on this problem to recover from it. A good real-life example of identity theft is that of an elderly woman suffering from dementia who was a victim of her caretaker stealing almost $200,000 before her death. The thief not only used her credit/debit card but also opened several bank accounts in her name and purchased motor vehicles. This is a realistic example, but there are so many examples like this. Whereas, speaking of non-financial harm, it gives a lot of trouble to the victim to recover their identity theft. After misuse of their credit/debit card social security number, they have to suffer from the damage caused to these things and even that calls into question their reputation. For example, they even have to make several phone calls, write a letter to a lawyer, spend a lot of money and sometimes become a victim of life-threatening depression. What to keep in mind to protect yourself from identity theft is entirely up to us. Regarding social security number, debit/credit card and our personal information, we should try to keep this information private. Reviewing account activity daily also helps us stay up to date with our card. It is absolutely necessary to pay attention to the environment and when using public Wi-Fi we must be very careful. In the event of identity theft, it is very important to notify the FTC (Federal Trade Commission). Likewise, to our bank in case of misuse of our cards and to the IRS if we discover fraudulent activity on the social security number. Here are some quick ideas to keep in mind to resolve the problem. Keep in mind: this is just a sample. Get a personalized document now from our expert writers. Get a Custom Essay Overall, identity theft can be very destructive to the victim. life, it is one of the most widespread forms of crime. It is difficult to detect the criminals involved, but people should always be careful with their personal information..