Identity is one of a person’s most important assets. It governs their right to open a bank account, apply for benefits and obtain credit. Accordingly, identity fraud and theft has become an increasingly common problem.
It is reported that approximately 100,000 UK citizens are victims of identity fraud each year, and that identity fraud costs the British economy £1.3bn per annum. However, of even greater concern are reports that the level of identity fraud is increasing by approximately 30% per year.
