Identity Hack! Is Your Company Next?

Strategic Finance, December, Vol. 96, No. 6: 33-39

16 Pages Posted: 6 Jun 2015

See all articles by Elizabeth V. Mulig

Elizabeth V. Mulig

University of Dallas

Murphy Smith

Texas A&M University-Corpus Christi-Department of Accounting

Clyde Stambaugh

Murray State University - Accounting Department

Date Written: 2014

Abstract

Identity theft affects the lives of countless Americans and is the fastest growing crime in America. Most instances of identity theft are attributable to breaches of privacy or confidentiality. Professional accountants, especially management accountants, internal auditors, and external auditors, are uniquely positioned to help in the design of controls that prevent or detect and correct the effects of identity theft. This paper provides an overview of identity theft and the associated risks and exposures. In addition, the paper addresses the challenges and opportunities that privacy and confidentiality issues present to management accountants and other members of the accounting profession. The paper concludes by describing procedures that organizations and individuals can use to prevent and detect identity theft, along with procedures to implement when privacy problems are discovered.

Keywords: cybercrime, ecrime, identity theft

JEL Classification: M4

Suggested Citation

Mulig, Elizabeth V. and Smith, Murphy and Stambaugh, Clyde, Identity Hack! Is Your Company Next? (2014). Strategic Finance, December, Vol. 96, No. 6: 33-39. Available at SSRN: https://ssrn.com/abstract=2614554

Elizabeth V. Mulig

University of Dallas ( email )

1845 E. Northgate Dr.
Irving, TX 75026
United States

Murphy Smith (Contact Author)

Texas A&M University-Corpus Christi-Department of Accounting ( email )

6300 Ocean Dr
Corpus Christi, TX 78412
United States

Clyde Stambaugh

Murray State University - Accounting Department

Murray, KY 42071-3314
United States

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