Identity theft:
A) is a relatively new crime that was created through use of the Internet.
B) affects about 8 million American victims each year.
C) has slight impact on the victim since consumer law protects owners of credit cards and limits their loss to $50 if they promptly report the loss of their card.
D) is now addressed by only state statutes.

Question

Quizplus · Accepted Answer

Identity theft is a serious crime that affects millions of Americans each year according to various studies and reports. It is not a new crime and has been around for much longer than the Internet. Identity theft can cause significant financial and emotional distress for its victims. While consumer law does provide some protection for credit card owners, identity theft can involve much more than just credit card fraud. Additionally, the laws addressing identity theft are not limited to state statutes and may also include federal laws and regulations.

Identity Theft