Subscribe to The Money StopNews Feed

Browse > Home / News, News-Insurance / ‘Viligence’ advised to avoid identity theft

‘Viligence’ advised to avoid identity theft

November 22, 2007 by admin  
Filed under News, News-Insurance

Leave a Comment

Consumers are advised to exercise “vigilance” in face of identity theft risk, rather than rushing to buy insurance.

An industry expert has said that after news that the personal information relating to 25 million people in the UK has been stolen, consumers must think about the options available to them for protection.

Peter Gerraud, head of insurance research at moneysupermarket.com, explained that while there are products on offer that cater specifically for this type of cover, “many of these products are dubious value for money”.

“Most will cover losses if fraudulent transactions take place. However, if consumers are vigilant and report any unusual activity to their bank or card provider these losses will be covered by the provider as a matter of course anyway,” he continued.

He added that consumers should be sure to check statements on a regular basis to avoid the “time, stress and effort” involved in resolving the problems identity theft can cause.

Tags:

Related Entries

  • Identity theft victims older than fraudsters
    • Consumers who are victims of identity theft are older than the fraudsters they are conned by, shows new research. Findings from CIFAS, the UK's Fraud Prevention Service, revealed that males in their 40s are the
  • MP claims that banks are too laid back about ID theft
    • A Tory Party MP has claimed that banks in the UK are far too laid back when it comes to the problems of identity theft – a problem that is growing in the UK and
  • ID theft warnings ignored
    • Too many Britons are still bypassing advice on how to protect themselves against identity theft, credit reference agency Callcredit has warned.A third of Britons continue to throw away documents such as bank statements and receipts,
  • More consumers concerned about safety of personal details
    • More consumers are concerned about the safety and security of their personal details than ever before, an information body has claimed. The Information Commissioner's Office (ICO) said this fear of identity theft is driven by
  • ID theft avoidance guide
    • Millions of Britons are leaving themselves open to identity theft because they are failing to face up to the reality of the problem.That is according to the Information Commissioner's Office (ICO), which says that all
  • Numbers threatened by identity fraud rises
    • Direct Line has responded to the latest Home Office figures on identity theft by adding Identity Fraud Assistance to its home insurance policy. The latest figures from the government indicate that identity fraud is the
  • Tips For Keeping Your Identity Safe
    • With the increases in identity theft, you have to be more careful than ever when doing your day-to-day financial transactions that you once took for granted as being safe. The simple tasks of withdrawing money
  • Put credit card fraud into perspective
    • As Christmas approaches many consumers in the UK have started to worry about the risk of Internet fraud, and although buying gifts and other related items online has become hugely popular over the years many

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!