INFORMATION THEFT

           



                                                    INFORMATION  THEFT

Information theft occurs when someone steals personal or confidential information.

➤Obtaining enough information about an individual to perform fraudulent financial transaction is often related to identity theft.

➤Identity theft is using someone else’s identity:

    (a) to purchase goods or services

    (b) to obtain new credit cards or bank loans

    (c) illegally pretend to be as that individual
  

              

                                          EXAMPLES

➤An unethical company executive may steal or buy stolen information to learn about a competitor.

➤A corrupt individual may steel about credit card numbers to             make fraudulent purchases

➤An individual first might gain unauthorized access to a 

computer and then steal credit card numbers stored in a firm’accounting department