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Identity theft: a small step towards big financial crimes

Chander Mohan Gupta (Faculty of Management Sciences and Liberal Arts, Shoolini University, Solan, India)
Devesh Kumar (Faculty of Management Sciences and Liberal Arts, Shoolini University, Solan, India)

Journal of Financial Crime

ISSN: 1359-0790

Article publication date: 5 May 2020

Issue publication date: 25 October 2020

1158

Abstract

Purpose

This paper aims to study the concept of identity fraud and how these identity thefts can actually lead to financial crime. These crimes which usually were done in the traditional way now have taken leaps with the increase in the use of cyber world.

Design/methodology/approach

Several research papers, articles and newsfeeds were referred to study the concept, growth, scope, effect and impact of identity theft. It was also found that identity theft is the most common type of cybercrimes.

Findings

Identity theft though a simple crime but if not taken care of can lead to multiple crimes which can affect not only individuals but also companies. And when these crimes impact companies, they can actually hamper the economy as a whole.

Practical implications

Information for the same is not available very easily, so the study is solely based on secondary data.

Social implications

Identity theft effects an individual not only financially but also mentally and socially; thus, these effect each and every one in the said economy.

Originality/value

This paper is an original work of the authors, and it is for the use of students, educators and academicians.

Keywords

Acknowledgements

The authors would like to thank the support of the Scientific Writing Cell of Shoolini University for language editing and formatting of the manuscript.

Citation

Gupta, C.M. and Kumar, D. (2020), "Identity theft: a small step towards big financial crimes", Journal of Financial Crime, Vol. 27 No. 3, pp. 897-910. https://doi.org/10.1108/JFC-01-2020-0014

Publisher

:

Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

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