IDENTITY THEFT CAN AFFECT - Research Paper Example

During 2012, more than 12 million reported being victims of identity fraud in America. The number showed an increase from that reported in 2011 and 2010: the figures reported were USD 11.6 and 10.2 million respectively (Javelin Strategy & Research, 2013). The average costs incurred by the victims of identity theft were USD 365 (Javelin Strategy & Research, 2013). This paper will explore the growth of identity theft, its effects on individuals and the wider community and the types of identity theft.

The problem of identity theft and identity fraud is worsened by the lack of cyber borders and the increase in globalization, which make it possible for identity thieves to commit crimes within and outside the borders of the US. The commission of these crimes within and outside the country makes the work of investigating them more difficult. The fact that the criminals possess numerous identities and also the fact that they may use networks to engage in the crimes also challenges the investigative role of law enforcement officials (Finklea, 2013).

Additionally, identity theft is often connected and committed in tandem with other crimes, ranging from bank fraud, credit card theft and employment and immigration fraud. More importantly, it is necessary to take into account that the impacts of identity theft and fraud felt by businesses and individuals are not only limited to financial burdens, but also other important areas (Javelin Strategy & Research, 2013). For example, in assessing the national impacts felt by the US, it is important to note that identity theft and the associated crimes affect the health of the national economy and also the security of the nation.

It is necessary to take into account that, in many cases, policy makers have differed over the role of the federal government in preventing the crime, mitigating its effects, providing the best