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 ID theft continues to soar

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T O P I C    R E V I E W
BankruptcyNews Posted - 05 June 2007 : 10:34:30
ID theft continues to soar

Identity fraudsters are becoming increasingly sophisticated and widening the avenues from which they steal from consumers.

Anti-fraud company CPP said it is seeing growing numbers of mobile phone fraud, while current account hijacking, car leasing and cloned car number plate fraud is also on the increase.

Traditionally, credit card and loans fraud have been the most popular forms of ID theft, but fraudsters are now able to use information gained from one person more imaginatively.

In one case in February a woman had 32 mobile telephone contracts fraudulently taken out in her name.

And in March a criminal took out a $500,000 loan in the United States using the identity of another British woman.

There is now an average of six companies being defrauded by criminals using just one person's identity and in some cases up to 40 companies becoming victim. The average amount an individual is defrauded by is currently £6,000.

CPP ID theft expert Danny Harris said: 'Consumers are still not aware that identity theft fraud takes place in a number of different ways and therefore are still not protecting themselves sufficiently or at the very least knowing what to look out for in case they have become victim of an identity theft crime.'

He added: 'ID theft can happen in any number of ways and only a few personal details are needed. These can be obtained by fraudsters in several ways; cold calling, phising, mail interception and skimming are just some of the methods of determining individuals' personal information which is then used for fraudulent purposes such as account takeovers and taking out mobile phone contracts.

The company's data shows a 313% increases in the number of serious fraud cases between March 2006 and March 2007. Account takeover, where the fraudster takes over your current account, was up 24% in the first three months of the year, while mobile phone contract crime was up 22%.

Source: thisismoney.co.uk

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