Fraud costs the UK economy around £193 million per year. Personal identity information is one of the most valuable forms of data targeted by criminals. Details like names, addresses, dates of birth and phone numbers as well as financial information can be used to steal an identity and open credit and bank accounts and apply for loans, benefits and official documents such as driving licences and passports, leading to an array of devastating issues for the victims.
Whilst identity thieves are well known for targeting online sources in their quest to acquire personal information, the fact remains that physical means like bank statements, tech devices and the contents of a wallet can all provide inroads for fraudsters.
So what measures, aside from online security, can we employ to safeguard our personal data and prevent identity theft? Let’s take a look.