Help with the questions below. What is meant by the term identity theft? What can happen to a person who is the victim of identity theft? In the United States, information that a company collects about the customer is legally the company's property. In the European Union, this information is the individual's property. Explain why there is this difference in the legal treatment of this information.

In reference to a company sharing information that it has collected about a customer, what is meant by "opt-in"? By "opt-out"? In your opinion, which of these is preferable?

What do U.S. laws require a financial company to do in regard to sharing information that it has collected on its customers? In your opinion, what is the most important social issue raised by the pervasiveness of IT? Why? How can society best deal with this issue?