Identity theft: a small step towards big financial crimes
ISSN: 1359-0790
Article publication date: 5 May 2020
Issue publication date: 25 October 2020
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