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Identity theft - a view from the financial services industry
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Identity theft

Identity fraud is increasing dramatically.  And that is just the reported cases.  APACS, the UK payment organisation, reports that the cost of online banking fraud more than doubled in the first 6 months of 2005, compared to the same period in 2004.

We asked an independent research company to contact some of the UK 's high profile financial institutions as well as the regulators to gauge the thoughts of their security leaders on the significance of identity theft and most importantly their views on future trends and options to tackle the problem.  The report is a summary of the interviews conducted and analysis of a complex question and includes:

  • The nature and scale of the problem
  • Drivers for action
  • What is industry doing?
  • Why is it difficult?
  • What is the way forward? 

Read the results in full by downloading the report: Identity theft - a view from the financial services industry (311KB, pdf)

Related press release
Financial Services industry fears risk to reputation in battle against ID theft

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Page Last Updated: 24 April 2006
Source: Deloitte & Touche LLP - United Kingdom (English)

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