Credit Cards - Recession Raises Fear of ID thefts - 13/10/2009

The threat of credit card fraud is causing concern among consumers, it has been revealed.

Over three quarters of Brits are worried about identity theft yet two thirds admit they don't know how to protect themselves, according to a survey for Lloyds TSB.

The poll of 1000 UK adults, conducted by ICM, also shows 39% of respondents feel more at risk to ID theft than they did six months ago.

Over half (52 per cent) of those concerned about ID theft believe that the recession has increased the risk as rising unemployment drives more people towards criminal activity and ID theft.

Coupled with this, is the fear expressed by two thirds of people (57 per cent) that social networking sites have made it easier to steal personal details - a 10% increase on those with the same worries last year.

The study shows that as many as two in five Brits (38 per cent) have experienced ID fraud, half of those (18 per cent) having been victims personally.

However, two thirds (57 per cent) of those surveyed admit that they have not done enough to protect themselves and one quarter (25 per cent) don't know how.

A spokesman for Lloyds TSB, said: "As technology improves, it gets easier and easier for criminals to steal our identities and during tough economic times the temptation becomes greater."

"Protecting ourselves by shredding documents and protecting passwords is a good start, but having someone else keep an eye on your ID offers extra peace of mind."

The latest figures from CIFAS, the UK's fraud prevention service, show that nearly 60,000 UK residents have fallen victim to ID fraud so far this year - a 36% increase when compared with the first nine months of 2008.

Data from CIFAS also shows that the cost to individual victims of ID theft can often reach £8,000.

Bookmark with:
  print Print Preview   email E-mail to a friend
 
Comments
Not comments have been posted yet.
 
Do you have something to say? (maximum comment length of 250 characters)

Post your comment
 
 
 
Related News
  25/11/2009 - Credit card conditions stay tight, reports BBA. Credit card lending remained tight during October 2009, the British Bankers' Association (BBA) has...
24/11/2009 - Facebook credit card scams could grow, warn experts. An apparent Facebook scam which could serve as a gateway to credit card fraud...
19/11/2009 - Charity credit cards - 'Convenient way to Donate'. Charity credit cards can offer a way of donating to a good cause, while...
 
Related Guides
  Choosing the right reward card. A guide to Credit Cards Credit Cards explained Which card is right for you Choosing...
Credit cards explained. A guide to Credit Cards Credit Cards explained Which card is right for you?...
Which card is right for you?. A guide to Credit Cards Credit Cards explained Which card is right for you?...
 
Related Articles
  Credit Card: The Convenient Way to Shop. A credit card is a form payment in the shape of small plastic with...
Acquiring the Best Credit Cards Deal. With effects of the current financial state, more people are becoming more and more...
Card customers still holding on. With the effects if the recession, continuing to raise unemployment past 2.38 million and...
Best Buy Credit Card
0% Balance Transfer Buy Now
Cash Back Cards Buy Now
Gold/Silver Cards Buy Now
Platinum Cards Buy Now

Credit Card News
29/12/2009 - Brits advised to switch credit cards this festive season to take advantage of many deals. British consumers are being advised to switch credit cards...
Read More
22/12/2009 - FLA calls on government to urgently review non-bank lending markets. The Government must move quickly to follow up its...
Read More
15/12/2009 - Barclays predicts record card spending in December. A record amount will be spent on credit cards...
Read More
08/12/2009 - FLA advices customers to keep an eye on finances this Christmas. The Finance & Leasing Association (FLA) has recently offered...
Read More
More News >>