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Identity Theft
Identity Theft concerns society at 3 levels :
- Personal
- Organisational
- National
Identity theft costs the UK £1.7bn a year
At a personal level victims of identity theft not only have to cope with huge debts which have been run up in their name or illegal activities carried out by criminals stealing their identity, but also often complain of feeling violated at a personal level.
Businesses are also being called to ensure they have processes in place to prevent identity theft.
At a national level, the growth of international terrorism and the discovering that laundered money is used to finance these operations has meant that the call to combat identity theft has become stronger.
The growth of identity theft is fuelled by various factors ranging from organised financial crime to international terrorism. The development of e-commerce has led to increased de-personalisation of the customer-supplier relationship and not knowing exactly whom they are dealing with puts the organisation, the industry it operates within and society as a whole at risk.
Identity theft is something that we are all worried about in these days of information technology. Never has the stealing of id or identity theft been such a problem nor has there been so much coverage of identity theft in the media.
Identity theft costs the government and financial services, such as banks and insurers, millions of pounds every year. To avoid identity theft, important identity documents should be kept safe. Individuals are constantly reminded to keep important documents that prove their identity safe. When documents such as a passport is lost, individuals can help prevent identity theft by reporting it as quickly as possible. The same with driving licences and other forms of ID that could potentially be used in identity robbery. Another way to avoid identity theft is by ensuring that important information is not given over the telephone, unless sure that the caller is legitimate.