Some 4.1 million people (nine per cent of the adult population) claim that at some stage they have been a victim of identity fraud, according to new research by Sainsbury's Bank.
Identity theft involves someone stealing your personal documents or information and using this to obtain money, goods or services in your name.
The average financial value of this crime amongst those victims interviewed by Sainsbury’s Bank was £3,039. However, six per cent of victims said that they had suffered losses of over £10,000 as a result of identity fraud.
Donald MacLeod, credit card manager, Sainsbury’s Bank said: 'Identity theft is a very serious problem and one that is getting much worse, so we all need to take greater care in protecting ourselves. This could involve having a policy in place to protect against this crime, but it should also involve taking steps to reduce the chances of ID thieves being able to steal your personal details.'
'Unfortunately having your identify stolen is often just the start of what can become a long drawn-out process as it can take many hours or even days to re-establish your financial standing,' said MacLeod.
Research from Sainsbury’s Bank reveals that there is a lot people can do to reduce the chances of falling victim to identity thieves. For example, over the past three months it revealed that 16 per cent of people have thrown away old bank statements but forgotten to shred them. Twelve per cent also claim to have done this with credit card and debit card receipts.
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Further Reading:
Firms more at risk from ID fraud
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