UK: ID Theft Nets £85,000 a Head, Says Study
Identity fraud can net criminals £85,000 for each identity stolen, research has found. That is the average amount which criminals can expect to gain from impersonating a person in the UK according to anti-ID theft company Garlik.More here.
Garlik was founded by Tom Ilube and Mike Harris, who founded internet bank Egg, and it commissioned research from consultancy 1871 Ltd which uncovered the value of a single fake identity. It also discovered that lawyers are a main target of ID fraudsters.
The research found that most people's perceptions of how identity fraud works are wrong. The fraudster commonly does not empty bank accounts but applies for new credit as another person so that that person may not discover for some time that they are being impersonated.
posted by Fergie @ 1/18/2007 01:27:00 PM
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