Organized Crime In The New Millennium

conclusions of this study revealed that identity theft was a positive correlation with
reputable damages. The relationship between perceived risk and online purchase
intention were negative. The significance of this study reveals that online companies are
more aware of the potential harm that can be done to their consumers, therefore they
are searching for ways to reduce the perceived risk of consumers and not lose out on
business. Although the idea of identity theft can be frightening to some, the aftermath of
how people move forward is a pretty intense process. Some may face a year or
consecutive years to prove to the legal system that they are the true person. With this
potential long process can lead to emotional strain and financial losses; most theft that
is done was by the victim's family members, some may not be able to obtain new credit
cards or open new bank accounts and sometimes even loans. This is severely
important to provide information about the significance of identity theft and the lasting
impacts it could hold on the victim's life.
Identity Protection by Organizations
In their May 1998 testimony before the United States Senate, the Federal Trade
Commission (FTC) discussed the sale of Social Security numbers and other personal
identifiers by credit-raters and data miners. The FTC agreed to the industry's selfregulating
principles restricting access to information on credit reports. According to the
industry, the restrictions vary according to the category of customer. Credit reporting
agencies gather and disclose personal and credit information to a wide business client
base.
Poor stewardship of personal data by organizations, resulting in unauthorized access to
sensitive data, can expose individuals to the risk of identity theft. The Privacy Rights
Clearinghouse have documented over 900 individual data breaches by US companies
and government agencies since January 2005, which together have involved over 200
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