Reference no: EM131574921

1. The Organized crime effects has given identity theft and cybercrime a new lease of life

? Criminals have given pumped millions of cash to acquire the most sophisticated malware used in identity theft(O'Farrell, 1).
? Similarly, the organized crime perpetrators with reference to identity theft have hired talented hackers who make the work of the IRS difficult.
? Organized crime have ensured the identity theft is a global menace hence the US cannot fight it alone(O'Bannon, 1).

2. Businesses and Consumers are becoming immune to identity theft crisis.

? Data breach has become rampant in the USA due to the fact that both consumers and businesses are taking it as their way of life.
? Consumers have abandoned their investment capabilities due to the fear of having their personal; information being exposed in the long run.

3. Consumers and businesses are not protecting their phones and computers.

? The government fight to reduce identity theft is thwarted by the lack of protection of computers and phones on the part of consumers and businesses(O'Farrell, 1).
? Despite the warnings and advice consumers and business are given to update their software, they still not make do with the same.
? Similarly check verifications loopholes have easily been ignored.