Feeds

ID fraud prevention week fights UK's fastest growing crime

Oo are yer?

3 Big data security analytics techniques

National Identity Fraud Prevention week kicked off in the UK on Monday. The scheme marks an attempt to raise public awareness of the threat of identity fraud, reckoned to be one of the UK's fastest growing financial crimes.

One in ten Brits have already been a victim of identity fraud scams, which involve crooks impersonating victims and establishing fraudulent lines of credit. Businesses can also be fraudulently impersonating in much the same way.

As well as leaving victims out of pocket, the crime can damage their credit ratings. Identity fraud costs the UK economy approximately £1.2bn every year, according to stats from the UK Identity Fraud Steering Committee.

Cifas, the UK's fraud prevention service, reports more than 59,000 victims of impersonation have been recorded in the first nine months of 2009 - a 36 per cent increase from the same period last year. More than half the account takeovers recorded affected victims' credit card accounts.

Meanwhile, mobile phone takeovers have more than doubled from last year.

For consumers, guarding against ID fraud involves practicing safe computing (eg running up-to-date antivirus software) as well as being careful about destroying financially sensitive information, such as bank statements. Business and government also have a role to play.

Stonewood Group called on the government to establish tougher penalties for Data Protection Act (DPA) breaches. A survey of 1,000 Brits commissioned by the encryption hardware firm found that almost nine in 10 (89 per cent) wanted to make it a criminal offence for a government department or business to lose data as a result of negligence. ®

3 Big data security analytics techniques

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Reddit users discover iOS malware threat
'Unflod Baby Panda' looks to snatch Apple IDs
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.