The Identity and Data Fraud, Today`s New Challenge

Abstract

In the recent years many research has been published about the rapidly increasing use of the internet, social networking sites, e-banking and the credit/debit cards, in addition many
more and more experts have been researching the spread of fraud and crime using ID theft and credit card fraud. What do these mean and what happens if our personal and financial
data gets into the hands of fraudsters? Why may the defrauding of individuals lead to a national or international threat? Further question is what response can be given to reduce
these risks and what determines their functionality? The author examines the definition of identity as value category and the threats against it with special attention to financial data fraud.