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Opinion

Band 4+: In many countries, financial crime involving identity theft are increasing?

Note: Both the topic and the essay were created by one of our users.

Currently, there has been an increase in the rate of crime regarding stealing other people’s identity to take the money from their bank account. This trend can be attributed to the advancement of technology. As it makes it easier to commit the crime, and also it is difficult to catch the offenders. As a result, more people’s identities are being copied than ever before. This trend makes any victims ineffective as they lose money and eventually take a toll on their emotional and mental being.

To explain this type of criminal. The one reason is the fast evolution of technology. It is easier now than the past generation for a real looking person to identify a card and passport with the help of AI or artificial intelligence. It is allowed to use almost anything. Therefore, the perpetrator can use the advanced technology to easily hide identity from the authorities. They can cover up a real identity from digital footprints and it is difficult to trace the original identity. As a result, it can be observed that even though technology has been accepted in society, it is a double edged sword that also makes identity make crime more widespread.

This is considered a very serious type of criminal which has numerous negative impacts on many victims. Firstly, it directly loses their money and properties that victims spent time collecting for their purpose such as using retirement, giving with their families. As a consequence, this experience makes an impact on mental health for many victims. Some may be unable to live without these money collecting and need to recover with a professional therapist to overcome this traumatic experience.

In conclusion, it is understandable that we see a surge in financial crimes through the use of stealing people’s identities. This is caused by the progress of technology which makes it easier to forge the identity but also harder to catch the thief. This issue should be taken care of because it continues to deprive belonging of the victims and lead to possibly permanent mark distress in the victims minds.

Word Count: 346

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