04/11/2020 by On behalf of Law Office of Michael S. Rothman | Oct 22, 2019 | White Collar Crimes |
What is the fastest growing white collar crime?
White collar crimes are often said to not have any real victims, but this is a serious misconception.
It may be due to the fact that there is no physical harm to people during one of these crimes, but the financial damages done makes up for that in producing serious harm to consumers, companies and the economy. White collar crime, therefore, has many victims. You may wonder what the fastest growing white collar crime is in Maryland.
According to the website for Elijah E. Cummings, Congressman for Maryland’s 7th District, the fastest growing white collar crime is identity theft. It is much easier to pull off such crimes in this digital age. Compromising someone else’s personal information is simple with the many scams running online.
When someone steals your identity, it creates a serious situation for you. You may end up with debt you did not create or even criminal charges against you for crimes you did not commit. Identity theft is the costliest crime to its victims.
The only way to combat it is to protect personal and financial information. You have to play a role in this by paying attention and using proper safeguards. If you become a victim or run into a suspected scam, then you need to report it.
Identity theft crimes can take the form of spyware, spam and phishing tactics. Stopping identity theft can lead to reducing other crimes, such as fraud, drug addiction and terrorism. It benefits everyone to stop this type of crime. This information is for education and is not legal advice.