CONSUMERS CAN PROTECT THEMSELVES FROM ID & CREDIT CARD FRAUD
Leading credit information provider offers advice for consumers worried about credit card fraud as ITV ‘Tonight’ reveals the latest scams
London 30th April 2007 – The ITV ‘Tonight’ programme will reveal the latest trends and scams in credit card fraud tonight (8pm – Monday 30th April 2007). But leading instant online credit information provider, Equifax, is calling for consumers to take their own precautions against this invisible crime.
The latest figures from CIFAS, the UK’s Fraud Prevention Service, show that identity fraud is up 12% in quarter one of 2007, compared to the same period in 2006. And, as Equifax’s own surveys have revealed, often the fraud is perpetrated by someone the victim knows. The company is therefore urging consumers to be cautious with their personal information.
“It seems that the public continue to underestimate the value of their information and the steps needed to protect it” confirmed Neil Munroe, External Affairs Director, Equifax. “In particular, it’s wrong to assume that fraudsters are complete strangers. The Equifax ID Fraud survey conducted in September 2006 highlighted that the risk of ID fraud can be very close to home. Of the respondents who had been a victim of ID fraud, 11% said they knew the fraudster*. And of these 19% said it was a relative and 14% a neighbour.
“Consumers need to take responsibility for their personal information. If you share a communal entrance, consider installing individual mail boxes, or if you live in shared accommodation keep passports, driving licences and other documents under lock and key. We advise consumers to obtain a copy of their credit report regularly and check statements and bills for any unusual activity. Fraudsters are always looking for new ways to trick individuals out of their information and it’s up to consumers to make sure it’s as difficult for them as possible.”
Top Tips to Prevent ID Fraud
- Check your credit report frequently – the most effective way of identifying fraudsters using your ID. Go to www.equifax.co.uk.
- Shred vital personal information on statements, bills and direct mail.
- When you move home have mail redirected to your new address.
- Do not write down PINs or keep them near your cards.
- Make sure your PINs and passwords are all different and don’t use obvious things like your birthday or phone number.
- If you have a communal entrance take steps to ensure mail is not left where neighbours have access to it.
- If you live in shared accommodation keep personal documents under lock and key.
- Always check bank statements and credit card statements against receipts. If you find any unfamiliar transactions contact your bank or credit card company immediately.
- If you think you have been a victim of Identity Theft you should consider subscribing to the CIFAS Protective Registration service. A notice will be placed on your credit file indicating that documents have been stolen and that you may therefore be at risk of identity fraud. To register telephone 0870 010 2091.
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