Type Of Identity Theft

 Identity Theft is a common problem faced by lots of people. There are different types of Identity Theft.

- Credit card fraud which accounts for 28% of the fraud in the UK

- Phone and utilities fraud which accounts for 19% of the fraud in the Uk

- Bank fraud which accounts for 18% of the fraud in the UK

- Employment Fraud which accounts for 13% of the fraud in the UK

- Government Document and Benefits fraud  which accounts for 6% of the fraud in the UK

- Loan Fraud which accounts for 6% of the fraud in the UK

- Others ( Social network) which accounts for 22% of the fraud in the UK

- Attempted fraud which accounts for 6% of the fraud in the UK




10 Facts about Identity Theft

1 - Approximately 100,000 people in the UK are victims of identity theft each year.
2 - It takes victims of identity theft an average of between 3 and 48 hours to unravel the damage caused by identity theft.
4 - Benefit fraud alone through identity theft costs over £800,000 per year
5 -  1 in 4 adults either have been victim or know someone who has been a victim of identity theft.
6 - According to Home Office Identity Fraud Steering Committee, identity fraud has cost the UK economy £1.7 billion.
7 - Identity theft is Britain's fastest-growing white-collar crime, increasing at nearly 500% a year.

5 Top Tips to avoid Identity Theft

1 - You should frequently review your credit reports and credit card statements.

2 - Place an extended fraud alert on your credit reports.
3 - Watch out for merchant who offer prices that look too good to be true, and don't give you any offline way to contact them or verify tier validity.

4 - When entering a pin at a ATM machine, make sure no one is looking over your shoulder.

5 - Try pay your bills at the Post Office. Never leave leave your paid bills in your mail box to be sent out.