You are here: Home - Credit Cards & Loans -

Identity crisis

0
Written by:
20/01/2006

Despite high-profile campaigns ID theft is still a massive problem, as Mike Collins discovers Britons remain worryingly unaware of how to protect themselves from ID thieves, despite high-profile campaigning by the Government and financial institutions, according to research undertaken by MyCallcredit.

Its research reveals that more than 35 million Britons are concerned about having their identity stolen, but less than 8 million are confident that they know how to combat ID theft – figures which have not changed significantly in the past six months.

MyCallcredit director Kevin Green says: “ID theft is one of the fastest growing types of fraud in the UK and there are many different ways people can become a victim. Its incidence in the population is still small at less than 0.1%, but it’s something people can easily protect themselves against by taking a few sensible precautions.

“These include shredding personal documents before disposing of them, cancelling unused credit facilities and never giving personal information to anyone no matter how legitimate they may seem. Staying vigilant also helps a lot.”

He continues: “Our research reinforces the need for ID theft awareness campaigns, like the one currently being run by the Home Office. Only when people understand what they can do to protect themselves can we start to claw back some of the £1.3bn a year ID fraud costs the UK economy.”

MyCallcredit’s statistical research reveals that just over 70% of the UK population are concerned about having their ID stolen, but the number of people who know exactly how to protect themselves dropped from 18.4% in July 2005 to 16.9% in October and 16.1% in January 2006.

 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Mortgages to be auctioned online

A new Internet service will launch on Monday giving mortgage borrowers the opportunity to put their business up for auction....

Close