By admin | January 23rd, 2008 | Featured
Last year alone fraud cost the UK credit card business over £1billion – and it is estimated that identity theft accounted for approximately 10% of that sum!
To try and counter this huge loss, credit card companies have been coming up with ever more innovative and technologically sophisticated cards. Notwithstanding this action on the part of the credit card providers, we will still have a huge level of credit card fraud simply because we are careless when it comes to protecting our identity.
The following are the top 10 ways UK households become the victims of identity theft:
None of the above are particular ingenious – they are all opportunist identity thefts. So, if you want to help reduce identity theft and credit card fraud, try and take better care of your identity in the future!
If you are unsure of how you should proceed in the future to protect your identity and not become the victim of a fraudster, the Association for Payment Clearing Services (APACS), the Finance & Leasing Association and the UK’s fraud prevention service, the CIFAS, have published the Identity Fraud – UK Manual.
In the unfortunate event that you are the victim of identity theft, don’t forget to report this to the police, your bank, and all of your credit card companies as soon as you become aware of it so that you can minimise both your and their losses. In this regard, it is good practice to ensure you have a photocopy of your credit cards so that you can provide the details without having to look at your latest credit card statement.
Tags: identity theft
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