Theft (6do encyclopedia)



Theft, also known as larceny, is the act of taking someone else’s property without permission or legal right. It is a crime that can occur in various forms and can result in different legal consequences depending on the jurisdiction.

Etymology

The word “theft” comes from the Old English word “þeof” which means “thief”. It is derived from the Proto-Germanic word “theubō” which means “stealing”.

Legal Definitions

The legal definition of theft may vary depending on the jurisdiction. Generally, theft is defined as the unauthorized taking or use of someone else’s property with the intent to deprive them of it permanently. Some jurisdictions may include unauthorized use as a form of theft, while others may require that the property be permanently taken.

Types of Theft

Theft can occur in various forms and can range from petty theft to grand theft. Some of the most common types of theft include:

  1. Petty Theft - This is the act of stealing property that is of low value, such as shoplifting a candy bar or stealing a pen from a co-worker’s desk.

  2. Grand Theft - This involves stealing property that is of significant value, such as stealing a car or robbing a bank.

  3. Burglary - This is the act of breaking into someone’s property with the intent to steal.

  4. Robbery - This is when theft occurs through the use of force or threats, such as holding up a convenience store with a weapon.

  5. Embezzlement - This is when someone who has been entrusted with property or money uses it for their own personal gain.

Consequences of Theft

The legal consequences of theft can vary depending on the jurisdiction and the severity of the crime. Some of the common penalties for theft may include fines, community service, probation, or imprisonment. In some cases, the offender may be required to pay restitution to the victim.

Preventing Theft

There are several strategies that individuals and businesses can employ to prevent theft. Some of these include:

  1. Installing security cameras and alarms

  2. Keeping doors and windows locked

  3. Marking property with unique identifiers

  4. Conducting background checks on employees

  5. Establishing security procedures for handling sensitive information or cash

Conclusion

Theft is a serious crime that can result in legal consequences. It can occur in various forms, from petty theft to grand theft, and can lead to significant financial losses for individuals and businesses. Preventative measures can be taken to reduce the risk of theft and protect property.


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North Korea steps up cybercrime amid pandemic hardship, sanctions

South China Morning Post

23-05-16 09:30


North Korea is conducting cyber-operations and hacking cryptocurrency exchanges in order to help fund its nuclear and missile programmes, according to Anne Neuberger, deputy national security adviser for cyber and emerging technology for the Biden administration. She said that about half of North Korea's missile programme had been funded through cyberattacks and cryptocurrency theft. Reports have suggested that North Korea stole up to $1bn worth of virtual assets in 2021. Researchers have emphasised the need for international cooperation to combat the country's activities.

https://www.scmp.com/week-asia/politics/article/3220727/north-korea-doubles-down-persistent-opportunistic-cybercrime-fund-nuclear-efforts
Germany: 5 sentenced to prison for 100-million-euro jewelry heist

The Toronto Star

23-05-16 08:56


Five men have been convicted and sentenced to prison over the theft of 21 18th-century jewels from the Green Vault Museum in Dresden in 2019. They were given sentences of between four years and four months to six years and three months and were convicted of various crimes, including particularly aggravated arson in combination with dangerous bodily injury and theft with weapons. The five men set fire to a car in a nearby garage to cut off power to the street lamps outside the museum.

https://www.thestar.com/news/world/europe/2023/05/16/germany-5-sentenced-to-prison-for-100-million-euro-jewelry-heist.html
Take-Two beats adjusted sales estimates on higher gaming demand

Reuters

23-05-17 20:27


Take-Two Interactive Software has beaten Wall Street estimates for Q4 adjusted sales with strong demand for legacy titles, such as “NBA 2K” and “Grand Theft Auto”. The results, following an upbeat performance from peers Electronic Arts and Activision Blizzard, suggest the video-gaming industry is rebounding from a sluggish 2022 - and analysts note that Take-Two’s strong sales from its video game franchises plus key upcoming releases signal it may have established itself among the dominant players in the US. However, the firm’s adjusted revenue forecast for the year has fallen below analysts’ expectations.

https://www.reuters.com/technology/take-two-forecasts-annual-adjusted-sales-below-estimates-2023-05-17/
Hyundai and Kia agree to $200 million legal settlement over theft issues

CNN

23-05-18 20:18


Korean automakers, Kia and Hyundai, have agreed to an estimated $200m class-action settlement regarding claims that many of the companies’ cars and SUVs are much too easy to steal. The settlement provides a total of up to $145m that will be distributed to owners whose vehicles have been stolen. The vehicles in question, 2015-2019 Hyundai and Kia models, which include the Hyundai Santa Fe and Tucson, and the Kia Forte and Sportage, when equipped with turn-key ignitions are roughly twice as likely to be stolen as other vehicles of a similar age. Many of these vehicles lack some of the basic auto theft prevention technology included in most other vehicles, even in those years, according to a report by the Highway Loss Data Institute.

https://edition.cnn.com/2023/05/18/business/hyundai-kia-theft-settlement/index.html