Social Networking And Identity Theft
Identity theft is becoming a growing problem where the victims have to suffer from huge financial and monetary losses in regaining their identity. Moreover the time and efforts required cannot be put into words. This crime is becoming stronger with the advancements in technology and the advent of social media.
Identity theft is a very serious issue and must be addressed before it gets worse. There can be many factors that trigger identity theft. The most important ones are the lack of customer knowledge and awareness about the online websites and social media sites they are using. Excessive trust on the social media providers may also lead to identity theft. Not every site is trustworthy and users normally do not go through the terms of services and privacy rights. The sites have easy access to your personal information like addresses, names, graduation school locations, current location, relationship status, pet names, social security numbers, bank account numbers and photos etc. These all information you give to your social media account are extremely private and any one of them if misused can put you in great trouble. There are sites that are operating only to cheat people and loot as much as they can and then disappear therefore it is necessary to be aware of what you are subscribing to and how will it affect your privacy.
Social media sites use targeted advertising technique to earn profits. This means they grab the personal information of registered users and in turn earn money for it. As there are no governing laws by the state and users have no idea of securing their information it can be a great potential for fraud and identity theft. Google has launched a new algorithm that determines one’s influence on social media; this will trigger more users to increase the usage of social media to get a higher score.
The more people interact on social networking sites the more they are open to fraud. Telling 500 people that you are of town may lead to increased chances of robbery at your place. Uploading family photos and videos will give people a chance to get familiar with your property, your strength and weaknesses and make you vulnerable for any unexpected event. People may stalk you and keep a record of your activities and interests to trick you into something fishy.
It is undoubtedly concluded from the above discussion that social networking sites can trigger identity theft and fraud very easily.
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