June 13, 2007

What is Identity Fraud

Identity fraud is defined as access to another person’s personal account information that leads to fraud.Identity fraud is the crime that most people fear. If you do not know much about identity fraud and identity theft, you should make sure you read and learn about this type of criminal activity. You cannot protect yourself, if you do not understand the crime!Around the world people are beginning to acknowledge that albeit a comparatively new form of criminal activity the instances of identify fraud are on the increase. Every year there are more cases of identity fraud.According to the Federal Bureau of Intelligence (FBI) and the Federal Trade Commission (FTC) identity fraud is among the fastest growing crimes in the USA and is also receiving increasing media attention. The instances of Identity Fraud has created over 27 million victims and the loss of billions of dollars to businesses and financial institutions from 1998 to 2006.Identity Fraud is growing at an alarming rate in the UK and it is predicted to get much worse. Identity fraud has been identified as costing the UK billions of pounds a year, and is one of Britain’s fastest growing crimes, yet people are still not doing enough […]

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