COMPUTER APPLICATIONS
E COMMERCE AND E BUSINESS APPLICATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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receiving numerous spam emails
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using another person’s name and personal information in order to obtain financial gain e.g. credit, loans, etc.
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a user’s online activity being tracked
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gaining unauthorised access to a person’s computer files
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Detailed explanation-1: -What is identity theft in banking? Identity theft happens when criminals or fraudsters acquire important pieces of a legal identity, such as a full name, address, and copy of an ID document, and try to use it to open a bank account or access a financial product offered by a bank.
Detailed explanation-2: -Identity theft is the crime of obtaining the personal or financial information of another person to use their identity to commit fraud, such as making unauthorized transactions or purchases.
Detailed explanation-3: -Identity theft is when someone uses another person’s financial or personal data, usually for monetary gain. This means a fraudster may take sensitive information like names, birthdates, Social Security numbers, driver’s license details, addresses, and bank account numbers or credit card numbers.