Identity thieves determine your identity by going through your mail or trash, stealing your credit cards, redirecting mail through change of address forms, or acquiring personal information you share on unsecured sites. In a recent year, more than 7 million people were victims of identity theft.

Do you feel it is safe to store personal financial data (such as Social Security numbers and bank and credit account numbers) on your computer?

YES: I have anti-virus software that will detect and stop any intruder.

NO: Even the best anti-virus software does not detect every kind of intruder.

Instructions Write a response indicating your position regarding the situation. Provide support for your view.

FASB Codification Activity