Identity Theft Terms – What is Identity Cloning and Cloning?
Identity Theft Terms – What is Identity Cloning and Cloning?
Cloning and impersonation occurs when someone takes the identity of someone else in an attempt to hide their personal identity. The person may want to hide their identity in an attempt to take advantage of an opportunity that may not naturally apply to them. The use of cloning and identity concealment is mostly used in immigration cases. A person who hides his identity may apply for a visa using false information. Terrorists also use identity cloning to impersonate someone else.
Identity cloning can be used in a wide range of circumstances. Someone can accept someone else’s grades at a university by assuming their identity. Cloning and identity concealment can affect the labor market. The employer may not know the identity of the workers. Identity cloning affects many industries. In the financial sector, a clone can gain access to credit by assuming the identity of another person. Identity concealment mainly occurs when an identity thief attempts to hide their personal identity in order to avoid law enforcement, such as arrest.
Identity cloning occurs when someone takes the identity of someone else. The person can use the same social security as someone living or even dead. This can be done with criminal intent such as gaining access to someone’s resources. By assuming the identity of someone else, a person can gain access to resources, privileges, and rights that he or she could not obtain if he or she maintained his or her own identity. By cloning, an identity thief can obtain bank loans or obtain a visa to a foreign country.
The impact of cloning and identity concealment is many. Identity cloning can implicate the original identity holder in a criminal case. This can happen when an identity thief commits a crime on behalf of someone else. Identity theft crimes can go on for a long time as the person whose identity is stolen may not be able to defend themselves given the seriousness of the matter. Court cases can drag on for months because it is difficult to identify the clones, who in most cases are not arrested.
Concealment of identity can be done for criminal reasons. Vital information such as marital status and others can be hidden. The person withholding the information may want to take advantage of certain loopholes in the law to achieve criminal intent.
Identity crimes are complex and time-consuming, requiring both legal and forensic expertise. This makes identity crimes expensive and time-consuming.
Identity crimes can be very costly as you can lose entire fortunes due to cloning. The clone used to withdraw money and gain access to goods and services may use your credit card. This is especially true for internet crimes, where credit cards can be used by clones to access various goods and services on your behalf.
The government passed the Fair and Accurate Credit Transactions (FACT) Act 2003, requiring all businesses to comply with Red Flag rules. This registration is intended to protect consumers of goods and services from crimes related to identity theft. All consumer companies must comply with these registrations to avoid government penalties and also to avoid an audit by the Federal Trade Commission.
The company must comply with these 2003 Red Flag rules in an effort to protect its customers and clients. When a company complies, it raises its profile as it reassures customers that they are a safe company to work for. Compliance with Red Flag rules will mean more business and higher sales for the company.
Several types of businesses can benefit from companies that offer Red Flag compliance certifications. Companies such as banks, credit unions, car dealers, mortgage brokers, healthcare companies, and utility companies are some of the companies that can greatly benefit from complying with the 2003 Red Flag rules.
Adherence to these rules will reduce the cost of doing business, as companies can reduce the cost of litigation following cases arising from identity crimes.
Identity crimes such as cloning and concealment can cost a company thousands or even millions of dollars. The company stands to gain a lot by complying with the 2003 Red Flag rules and save the numerous costs of litigation. Compliance is the most cost-effective way, as you benefit from higher sales and less litigation. http://www.ftc.gov/bcp/edu/microsites/redflagsrule/index.shtml
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