Cybercrime is increasing dramatically and is becoming uncontrollable. 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 a crime 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 damage and non-financial damage. 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 victims' fund or credit because of this, victims have to spend so much money regarding 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 motorcycles. 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 misusing their credit/debit card social security number, they have to suffer the damage to these things and even their reputation. For example, you 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. Things to keep in mind to stay safe. against identity theft depend entirely on ourselves. Like social security number, debit/credit card and our personal information, we should try to keep these things private. Reviewing account activity daily also helps us stay up to date with our card. It is absolutely necessary to pay attention to our surroundings and when using public Wi-Fi we must be 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 from our expert writers now. Get a Custom Essay Overall, identity theft can be very destructive to the victim. life.