Am I at risk from identity theft?
Over the last few years the threat of ID theft in the UK and around the world has increased dramatically with more and more people now on the radar of the fraudsters and scammers. However, the vast majority of people who may be at risk from identity theft are still unaware of problems which may await them in the future. So are you at risk of identity theft?
There is no doubt that the introduction of the Internet to many homes and businesses around the world has increased the potential market for identity theft. Each of us is just a click away from a potentially fraudulent e-mail or fraudulent contact via a website. We all need to be aware of the risks, retain control of our confidential information and ensure that we do not give information to unknown third parties.
Many of the scams appearing at the moment are financial offers and financial advice which are literally too good to be true. If you have not requested any financial advice or neither inquired about a financial product then why would you entertain anybody who cold calls you? There is no doubt that the fraudsters have taken advantage of the economic situation to maximise their potential victim base.
Is the building society sector as safe as you think?
The ongoing problems at the Dunfermline building society together with a number of smaller societies which were taken "in house" by larger institutions have added to an intriguing debate about the safety and the future of the building society sector. A number of experts are suggesting that banking operations such as supermarkets, ethical banks, Islamic banks and National Savings and Investments co...Read More
US government charge man with theft of 130 million bank card details
The US government has today charged an alleged fraudster with the theft of 130 million credit and debit card details. If proven in court this will be the largest identity theft ever reported in the US and one of the largest ever in the world. It is alleged that Albert Gonzales, together with two unnamed Russian co-conspirators, managed to hack in to the payment system of prominent US retailers and...Read More
Juniper Research predicts growth in mobile payments
The amount of money transacted via mobile phone is to increase five times over by 2013, Juniper Research has said.According to the firm, £151 billion per year is to be spent this way within five years, due to technological advances.Further findings from Juniper's study show that ticketing will make up around 40 per cent of the payments, while around 60 per cent will be made in the mobile phone ho...Read More
Bank tracking down 'dormant account' holders
Around 7,000 people have been identified by HSBC as holders of lost or forgotten-about accounts.The bank said that these customers had not touched their money in more than 15 years - and would now be contacted in order to reunite them with the funds.According to HSBC, 5,000 letters are to go out to dormant account holders immediately - with efforts being made to track down the further 2,000 curren...Read More