The Serious Risks of Identity Theft

What is Identity Theft and What Risks It Poses

identity theftIdentity theft also known as identity fraud, is a crime in which an imposter collects key pieces of another person’s personally identifiable information in order to impersonate someone else. Common instances include the using of a person’s name, address, Social Security number, credit card or medical insurance number to obtain money or services under the original holder’s name.

Identity Theft Types

Identity theft is classified into two types: true name and account takeover.

True-name identity theft is where the thief uses personal information to create or open new accounts which may include credit card account, or a checking account to obtain bank checks. Account takeover on the other hand, is where the thief uses personal information to gain access to a person’s existing accounts. Commonly, the thief will change an account’s mailing address and run up a large bill before the actual owner of the account realizes that there is a problem.

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The Performance of Wall Street in 2018

Wall Street Leaning on Private Equity Stocks for a Productive 2018

wall street performances in 2018In the previous year, the US stock market has heavily relied to the huge performance of technology stocks. The tech sector served as the main catalyst of Wall Street’s notable surge in 2017, which saw the three major indices smashing record highs after record highs.

Sad part is, they are all a thing of the past now and Wall Street has ridden the waves of President Donald Trump highly-anticipated tax cut, only it was enough to bail the stock market out of the correction phase seen in the onset of the current year.

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Israel and Iran’s Conflict in Syria

Syria: The War Torn Country Caught in between Israel and Iran’s Conflict

Israel and Iran ConflictSyria and Israel have been technically in war since the founding of Israel in 1948. However, as hard as it is to digest, for more than thirty years, Syria has been Israel’s most quiet border. The country is mainly ruled with an iron fist by the Assad family.

However, the silence was broken when the Syrian Civil War started in the year 2011. During the early phase of the conflict, Sunni rebels with tight connections to Saudi and other countries in the Gulf has hit Assad with a series of battlefield defeats.

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Explaining Gender Wage Inequality in America

Defining Gender Wage Inequality in the United States Based on Real Figures

gender wage inequalityFor the past years, women in the United States have already made a lot of progress on attaining equal rights in relation to men. However, recent reports have been suggesting woman under 40 are experiencing gender wage inequality. This article will emphasize the differences in pay between the sexes in the United States at present.

Looking at national polls, about 75 percent of respondents believed that the country is doing its best efforts to reach gender equality, but 70 percent still claim that it is unlikely for a woman to be considered for leadership roles. Almost 69 percent of respondents suggest that women are paid less than men on the same survey.

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What Affects Gold Prices

Four Main Factors that Determine Gold Prices

Gold prices
Gold prices are determined by 4 major economic factors

Aside from being melted and used as jewelries, gold can also be used as fiat money or fiat currency, where fiat money is a legal tender whose value is assisted by the government that issued it. Legal tender on the other hand, is a form of any official payment perceived by the law that can be used and accountable to extinguish both public and private debt. Gold is considered by the market as a precious metal, along with silver and other metals that have high values . However, what really drives gold prices? In this article, we are going to tackle the different factors that affects the value of gold.

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The Freedom of Information Act and Background Checks

The Freedom of Information Act (FOIA) is a law that allows for the disclosure of information held by public authorities. The Freedom of Information Act achieves this by requiring public officials to publish information regarding each activity they undertake as well as allowing citizens to request certain information from public authorities.

FOIA has been in place ever since the late 60s and is often described as the law that informs citizens of their government’s activities. Citizens have the right to request access to federal agency records under the FOIA unless it falls under one of the nine exemptions.

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Why Do People Commit Crimes?

A crime is defined as an illegal action or activity that may lead to prosecution and is punishable by law. Committing a crime could lead to serious or even lethal consequences, yet there are still people who commit even the most serious ones. So why do people commit crimes?

Some crimes may appear foolish and unbelievable at first sight. But to the person who committed the crime, this was executed because of logical reasons. The concept of ‘why’ did the person do it may be difficult to understand since the causes of crimes are complex. The only way to know them exactly is through the perpetrator himself.

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8 Most Impregnable Prisons on Earth

Alcatraz Federal Penitentiary, U.S.A
Alcatraz Federal Penitentiary, U.S.A

A few decades ago, maximum security prisons are not that common in the world. Facilities that are built especially for notorious criminals have greatly evolved and stronger bars seemed inadequate these days. Here are 8 prisons that are famous for their advanced security measures that are impossible to escape.

Administrative Maximum Facility (ADX), U.S.A

ADX Florence was built on Florence Colorado in 1994. This super maximum federal prison is not just considered the most secure prison in the United States, but also in the world. It is also dubbed as the safest one as inmates are kept in their cells the entire day. ADX is built on a 37-acre land that can house 490 Supermax prisoners.

This facility is specially designed for both high-profile and dangerous prisoners. About 95 percent of prisoners here have histories of aggressive behavior in other penitentiaries.

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Scientists Call for Increased Efforts amid Rise of HIV-related Virus Called HTLV-1

A group of scientists are giving people a stern warning on the dramatic rise of a new virus that is closely related to incurable Human Immuno Virus or HIV.

The virus is called HTLV-1, or the T-cell leukemia virus type 1, something that is uncommonly heard and new to medical discussion.

This is why the Institute of Human Virology, which based on the University of Maryland, calls the public to apply extra vigilance and efforts in the prevention of spread of the disease.

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Thailand Encounters Multiple Bomb Attacks

Multiple bomb attacks in different provinces of Thailand on Sunday have injured at least three people in the deep south, the military said. Possible suspects are separatist insurgents.

According to the Deep South Watch Group, which monitors the violence, a decades-old separatist insurgency has claimed the lives of nearly 7,000 people since 2004. The separatist insurgency is found in the predominantly Buddhist Thailand’s largely ethnic Malay, Muslim provinces of Yala, Pattani and Narathiwat.

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Charles Ponzi And His Infamous “Ponzi Scheme”

Charles Ponzi has been the talk of the East Coast in 1920. Most investors consider him an accomplished swindler, while some a financial genius. He is famous for persuading people into investing millions with a promise of big returns. Who is Charles Ponzi and what is this fraudulent scheme derived from his own name?

Early Life

Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi, or famously known as Charles Ponzi, was born on March 3, 1882, at Lugo, Italy. Just like a normal person, he started out working unusual jobs, including a waiter in a hotel and restaurant dishwasher. Ponzi became a teller at Bank Zarossi as soon as he moved to Montreal by 1907.

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9 Facts Really Few People Know about Wall Street

Wall Street is in the southern section of Manhattan in New York City. It is the financial center of the United States as it homes two major stock exchanges, the Nasdaq and the NYSE. Aside from that, here are some things about Wall Street that will make you check Google if they’re true.

The Name

The Dutch people are the ones who named in the 17th century. It was originally called “de Waal Straat” during the times when New York was a Dutch settlement. They enslaved Africans to make them build a wall for protection from the English, giving it the name “Wall Street”. Speaking of slavery, it is widely believed that thousands of slaves are buried under the area.

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What Does North Korea Really Want?

The historic Korean summit held on April 27, 2018 gave the whole world a great impression of change, as both North and South Korea agreed to the complete denuclearization of the whole Korean peninsula, as well as to end the war between the two countries. Both Moon Jae-in of South Korea and Kim Jong-un of North Korea agreed to end hostilities and work towards a complete reconciliation of both countries in order to gain a peaceful and harmonized Korean peninsula.

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Bitcoin Surges Again Early this Year as Stated by CoinShares Chairman

Bitcoin is expected to rally this year and reach its previous highs, CoinShares Chairman Danny Masters predicted.

But here’s what should happen before that; Bitcoin should have better structures and a life cycle post initial coin offerings which the fundraising process is helping launch new cryptocurrencies.

Bitcoin was found with a tag of $8,300 on Wednesday While the coin has recovered from lows earlier this year. The cryptocurrency briefly dropped below $6,000 in February while bitcoin is still far away from its mid-December peak that is was around $19,500.

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Cybercrime and The Impact It Has On Business

Cyber crime is the act of committing a crime using a computer or the internet as an instrument. While most cyber crimes are carried out in order to generate profit for the cyber-criminals, some cyber crimes are carried out against computers or devices directly to cause damage or to destabilize them. Others, however, use computers or networks to spread malware, illegal information, images or other materials. The different types of cybercrime include committing fraud, trafficking in child pornography and intellectual property, stealing identities, or violating privacy.

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