Cash receipt is the document that puts a person at the least risk of identity theft.
Further Explanation:
Identity theft:
Identity theft is an illegal use of the once identity to get the illegal financial advantages from that person’s bank accounts. The identify theft can result in the wrong use of identity to commit crime and use the credentials to steal money from the account.
Cash receipt:
Cash receipt only has the information regarding the transaction such as sales amount, number of goods, date, tax, time and place of sale, name of the buyer and seller. It does not have the personal information of the buyer or the seller. Therefore, there are no chances of identity theft in case of cash receipt. Cash receipt is transferred manually. The data is not stored on the internet so there are very low chances of identity theft as most of the identity theft cases are the result of cyber-crime.
Thus, cash receipt puts a person at the least risk of identity theft.
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Answer details:
Grade: Senior School
Subject: Business Studies
Chapter: Money and Banking
Keywords:document, least risk.identity theft, money, and, banking, cash receipt, cyber, crime, internet, information, offline, online.
