Identity theft is not a new thing these days. Looking at the bar chart above, we know that the cases of identity theft are increasing year by year although there were a slight drop from 2016 to 2017. But this does not mean that hackers and criminals are not disrupting the lives of others. Last year itself, there were more Social Security numbers being exposed compared to the credit card numbers.
Due to the rapid growth of e-commerce, many companies are storing their customers' personal information which may be hacked by certain parties. This can allow customers exposed to privacy violations which they might not be aware of. Eventually this is when the data breach takes place and many cases of identity theft and cyber crime pops out.
The more sophisticated the technology, more and more people are taking their chances of destroying other people's life. They are able to use these victims cash for their own benefits such as personal gain or to fund a criminal activity. There are many cases like this that we may have read.
The tendency to create more crimes through identity thefts are also easier basically due to the vast knowledge and technology savvy users. People are using the internet not for positive things anymore. They are more inclined to do the bad things to harm people who they might not even have relationships or contact with. All these people are strangers to each other but yet this identity theft is becoming popular.
https://www.iii.org/fact-statistic/facts-statistics-identity-theft-and-cybercrime
E-commerce sights should start being required by law to have a specified level of security to protect users personal information.
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