Identity Theft Is Made More Possible? Essay

1122 Words Apr 20th, 2015 null Page
Identity Theft
Now a day’s identity theft is made more possible because of the nature of modern payment systems. Identity theft involves getting enough data about another person to forge a link, allowing the thief to obtain goods and services all while using the charge from another person’s account. Unspecified data-based connections have characterized the credit payment system for years now. In recent years wholesale trade has become even more anonymous and more reliant on consumer data, as internet trade has grown and wider variety of sellers have begun to offer immediate credit to clients based on their credit card reports (Anderson, Durbin, Salinger).
Medical Identity Theft
In the U.S.A. it is estimated that 1.5 million American’s fall victim to medical identity theft. Disturbingly, the average cost to dispute a case when this incident happens to amount stands at around $20,000 dollars. Even though patients request more data privacy and safe guards from this sensitive information from getting stolen, nearly 70 percent of patients felt that they should be in control of their own medical record, 80 percent said that the healthcare organizations should provide better action against safe guarding their medical records. These beliefs do not transform the problem into action, as 49 percent of patents took no new techniques in protecting themselves after the crime was already done.
The problem with medical identity theft lies beyond the patient’s control, as health care…

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