Millions of Britons are leaving themselves open to ID theft because they don't take basic precautions against fraudsters according to research from credit reference agency Callcredit.
Callcredit claims 50% of people have never checked their credit file, and one in four people don’t shred documents and have credit facilities they haven’t used for more than a year while one in three people use the same password or PIN more than once.
Identity theft affects more than 100,000 people every year in the UK. It occurs when personal information is obtained by someone else without the owners knowledge and typically leads to fraud, deception, or obtaining benefits and services in the victim’s name. The Government estimates put the cost to the UK economy at more than £1.3bn a year.
Callcredit director Alison Nicholson says: "ID theft is one of the fastest growing types of fraud in the UK yet our research shows people aren’t taking the necessary steps to protect themselves.”
Key Findings of the research include:
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'Profitability is almost a myth'
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Cautious welcome for volatility
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