Simple steps to protect against ID fraud Online and Offline
A risk assessment company has advised people to take simple steps in protecting themselves against identity fraud.
Even locking away documents, shredding unneeded paperwork and making sure bins are properly emptied can all help in the fight against online fraud, Experian has said.
A report by Apacs in March found that cases of online credit fraud were up 25 per cent on the previous year’s figures, making up over half of all credit fraud cases.
Last year, 68 per cent of consumers said they were concerned that financial data could be stolen when they made online purchases, according to a report by Mintel Comperemedia.
Experian’s fraud and regulatory compliance director Helen Lord said: ‘Identity fraud is one of the fastest growing crimes of the 21st century, but there are steps people can take to prevent it from happening.’
She advised holding onto bills and receipts to check with bank statements and asking neighbors to look after each other’s post when one of them is away to discourage theft.
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Tags: 21st century, apacs, bank statements, comperemedia, consumers, credit fraud, crimes, experian, fraud cases, mintel, neighbors, paperwork, previous year, receipts, regulatory compliance, risk assessment, simple steps
May 6th, 2008 at 2:36 pm
Massive increase in fraud crimes should make the government and banks realise that their data protection and Chip and PIN systems are diverting rather than deterring fraud crimes.
This shows that fraud will continue to grow until they exploit KEY and PIN system described on website http://www.xwave.co.uk which will deter BOTH identity and card fraud by making signature and PIN systems reliable and foolproof.
Fake documents have made our signature system unreliable while skimmers and pin-hole cameras etc. have made PIN system unreliable. We have option to make signatures reliable by personalising them with ID stickers and option to use Card Key Code to make PIN system reliable to make use of stolen and skimmed cards meaningless. By ignoring to exploit this system banks are only letting fraud crimes grow.
ID KEY system will eliminate the need for us to protect our personal and card details since fraudsters will be deterred from misusing these stolen details.
Proposed ID KEY can be treated as a reliable international ID card because it will personalise signature and PIN number to only the right individuals in any country.
We hope that the government and banks will appreciate these details and exploit KEY and PIN system before it is too late to stop a fraud boom.