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ID Theft
ID theft is when someone steals another person's personal information and using such to obtain goods or credit by deception. ID theft can also be defined as using confidential information to assume another's identity, such as stolen credentials to obtain a false passport. ID theft is a growing concern because identity theft is costing people and businesses millions of pounds every year. More needs to be done to prevent ID fraud, since ID theft can lead to the victims facing problems with the authorisation of credit or of a mortgage.
There are ways to prevent ID thievery, for example, people are advised to never give information, which could be used in ID theft, to anyone until they have checked their credentials as these details can be used for identity fraud. Passports can also be used in ID theft, likewise documents with account numbers on, names or addresses, and could be targeted by ID thieves. Credit cards are also vulnerable to ID theft, so if lost or stolen they should be cancelled to ensure ID theft does not occur.
GB's ID3® technology powers our suite of identity management products and services that provide an electronic ID verification service that is highly efficient and cost-effective, in combating ID theft, compared to traditional manual processes. Our solutions help protect organisations from ID theft and also reduce the inconvenience and anxiety of victims by making it difficult for ID fraudsters to succeed in using stolen identities.