What Is Identity Fraud And How To Combat It
The number of cases of Identity Fraud in the UK is at a record level, research published during National Identity Fraud Prevention Week has revealed.
By David Field -
The number of cases of Identity Fraud in the UK is at a record level, research published during National Identity Fraud Prevention Week has revealed.
The volume of reported fraud is growing by over nine per cent while identity fraud has shown the most significant increase with a rise of 17 per cent - an increase of over two per cent from last year.
It is expected that by the end of the year the number of UK victims could reach a staggering 68,000.
Identity Fraud is when a criminal discovers someone's personal details and uses them to obtain goods or services in a fraudulent manner.
Although it may seem on the surface not too harmful, having your personal details stolen and used behind your back can be a very disturbing experience.
It can cause victims excessive anxiety, sleepless nights and is a particular worry for elderly people who might not have a suitable support network to deal with the situation.
In addition, research by Experian shows that on average it takes 467 days before someone realises they are actually a victim of identity fraud.
But how do criminals obtain this information?
There are several ways – ranging from the simple and crude to highly complex techniques.
The most basic form of ID fraud is achieved by pick pocketing someone. Wallets contain a vast array of personal information including bankcards, driving licenses and other important itinerary.
Despite cancelling bank cards – the thief may already have all the information they need to assume your identity and eat into your funds.
Bin raiding is another simple method. In this case criminals are after bank statements, credit details and even utility bills.
More technologically advanced initiatives include skimming – when a device copies your credit card details while making a purchase.
The internet is a dangerous place to have information swiped with criminals able to access pass codes and other information such as your mother's maiden name.
A new technique called 'phishing' is also on the rise when fraudsters trick people into sites that are virtual versions of legitimate web sites before stealing vital identity and bank information.
There are many other methods out to snatch people's identities. Being aware of these tactics – and being more vigilant is the first step in fighting it.
Advice given on the National Identity Fraud Prevention Week website (www.stop-idfraud.co.uk) instructs people to be more careful in who they are talking to - whether face to face or on the phone, even if they claim to be from your bank or building society.
Other suggestions involve paying attention to billing cycles, checking your credit report at credit reference agencies, shredding unneeded documents (preferably with a confetti cut shredder), protecting your post and making the best use of anti virus software.
Identity fraud is a modern phenomenon but by remaining vigilant and well informed it can be effectively combated.
