Category Archives: Security

Anti-Money Laundering, Assets, Business, Financial, Financial Services, Money, Security

Identity Checks Supplier Continues To Expand

Leading suppliers of identity checks and anti-money laundering services, Tracesmart, are to expand their workforce which will help manage the increasing demand for their services. The expansion will specifically involve the administration, sales and IT teams.

Identity Checks Supplier Continues To Expand

Tracesmart is currently active in a number of industries however the key B2B markets in which it operates include pensions and debt collection. Both these sectors use the company’s data cleansing and consumer location services to trace people in order to re-establish contact. The pensions industry further utilises Tracesmart’s Existence suite of services which can be used to identify scheme members who have relocated or are deceased, this helps pension schemes better manage their member payments, and protect themselves and their members against fraud.

Demand for Tracesmart Corporate services has already prompted the company to recruit seven new members of staff over recent months. They now plan to recruit a further eight to strengthen their numbers and continue their expansion within their core and new commercial arenas. Tracesmart’s employee levels will soon total sixty, and the company headquarters still has capacity for further growth as their Business Support Manager, Rebecca Westlake, commented,

“We recently completed the refurbishment of our newly expanded Cardiff head office. In line with our expansion plans, the improvements have allowed us to develop and deploy individual teams efficiently and effectively to optimise our work environment.”

With close ties to both his front line staff and the company’s major clients, Tracesmart’s Managing Director, Mike Trezise, is fully aware of how and when the company will continue to expand. Commenting on his company’s development Trezise stated,

“We continue to reap the rewards of our ongoing marketing and sales campaigns within our core sectors. Demand has further led us to increase our staff to meet current and new client needs. We will continue to ensure our clients receive the best possible service and I’m confident that we’ll experience sustained growth in 2010.”

About Tracesmart:
Established in 1999, Tracesmart Ltd is a leading provider of consumer intelligence services. It specialises in the provision of data cleansing, consumer tracing and identity verification.

Via EPR Network
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Banks, Checking & Savings, College Finance, Credit Cards, Financial, Financial Management, Financial Services, Financial Solutions, Insurance, Insurance Services, Loans, Money, Personal Finance, Security

Recession Raises Fear Of Identity Theft

New research from Lloyds TSB has revealed 76% of adults are currently worried about identity theft and 39% feel more at risk now than they did six months ago, with the recession playing a major contributing factor. The research was conducted September 2009 by ICM for Lloyds TSB amongst 1,000 UK adults aged 18+ years.

Over half (52%) 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 57% of people 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 38% of Brits have experienced ID fraud, with almost half of those (18%) having been victims personally. However, 57% of those surveyed admit that they have not done enough to protect themselves and 25% don’t know how.

According to CIFAS, the UK’s Fraud Prevention Service, it takes an estimated 48 man hours to repair the damage resulting from fraud, and the cost to victims is frequently as high as £8,000. Typically, it takes an average of 539 days for someone to discover that they’ve been a victim of ID theft and it is on the increase; latest CIFAS figures show that it increased by 15% in 2008.

To combat this growing trend, Lloyds TSB has launched its ID Aware prevention and advisory service to help protect customers and bring them peace of mind.

Lloyds TSB’s ID Aware product allows customers to stay on top of their credit status and safeguard their identity, providing credit monitoring services and an early warning system to alert the customer to any activity involving their account. In addition, customers benefit from access to their credit status and payment history in one easy-to-understand document showing all credit cards, mortgages and loans. Credit alerts to warn the customer in the event that someone has been checking their credit status or doing anything fraudulent that affects their credit score. And if the worst should happen, expert help is on-hand. ID Aware provides 24 hour access to an advisor who will take control and set everything back on track.

Jatin Patel, spokesperson for Lloyds TSB commented: “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.”

Lloyds TSB is also offering help and guidance through the National Identity Fraud Prevention Week (NIFP) which Lloyds TSB has supported from its birth in 2005. The Group will be putting up posters and providing leaflets in branches detailing ways to spot potential fraud. The bank is also giving information on how customers can protect themselves by safeguarding documents and making it as difficult as possible for criminals to access personal information.

Via EPR Network
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Banks, Career, Financial, Financial Information, Security

Dr. Elizabeth Mays Has Been Named One Of The 25 Women To Watch For 2009 By U.S Banker Magazine

Dr. Elizabeth Mays has been named one of the 25 Women to Watch for 2009 by U.S Banker magazine. The list contains some of the banking industry’s most accomplished women and is compiled annually. Over 5,000 female banking executives were nominated this year.

Mays is located in Columbus, Ohio where she is a Senior Vice President and the Head of Consumer Risk Modeling and Analytics for JP Morgan Chase, part of the Risk Management organization.

The criteria used to select the 25 Women to Watch include their impact on their bank’s financial performance and the nominee’s industry, personal, and community impact. In conjunction with the publication of U.S. Banker magazine’s October issue highlighting the women selected this year, an awards ceremony will be held at The Plaza hotel in New York on October 6th.

Mays has spent 24 years in the financial services sector, first as a government economist and savings and loan regulator in Washington DC, and later in executive positions in the banking industry. She is also an author of four books on risk measurement and writes articles on corporate governance and risk management topics. A busy executive and mother, U.S. Banker magazine noted that parts of her last book were written “f r o m a booth at Chuck E. Cheese” while her young son played games.

Via EPR Network
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Banks, Checking & Savings, Financial, Financial Services, Financial Software, Financial Solutions, Money, Security

Experian Payments Gateway Achieves Approval Under The Faster Payments Approved Software Scheme, Operated By Bacs

Experian, the global information company, has announced that its payment processing product, Experian Payments Gateway, has achieved approval under the Faster Payments Approved Software Scheme, operated by Bacs. As the first software to receive approval for unattended use with Direct Corporate Access (DCA), it will enable users to fully automate their Faster Payments and participate in the Barclays launch of DCA to Faster Payments in September.

Originally developed to enable payments originators to process Bacs Payments, Experian Payments Gateway has been extended, tested and approved for use with Smartcards and Hardware Security Modules (HSM) in both attended and unattended modes. It supports Faster Payments DCA via Secure-IP, the secure channel for corporates to initiate Faster Payments.

James Hilliard, Senior Product Marketing Manager, Experian Payments, said, “Many of our large customers use automated payments systems to help increase efficiency and reduce their risk and costs. Recognising their need to automate their Faster Payments securely, we have worked closely with the Faster Payments Approved Bacs Software Scheme to ensure they are able to gain maximum benefit from the new Faster Payments Service.”

Gareth Lodge, Regional Research Director, TowerGroup, said, “Automating payments has always been a key priority for corporates as it has multiple benefits, from cost reduction to improved risk management. But in the current economic environment, it probably is even more important than it has ever been, with working capital benefiting in particular. And of course, the deeper that SEPA Payments are integrated into the end-to-end process, the greater the benefits.”

Via EPR Network
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Credit Cards, Debit Cards, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Security

Eight Million Chip And PIN Pals At Risk Of ID Fraud

New research from LV= home insurance has revealed that in the past 12 months, more than eight million adults have given their chip and PIN details to someone else to make a purchase on their behalf or get money from a cash machine for them – with a quarter (24%) of these falling victim to fraud. One in three Brits (34%) say they have been asked to pay for goods or take money out on someone else’s behalf.

According to the research, 20% of card holders have given out their card and pin number to someone else. 85% of these have done so in the past year. According to the Office of National Statistics, the resident population of the UK is 52,042,000. Therefore 52,042,000 x 0.20 = 10,408,400 and 10,408,400 x 0.85 = 8,847,140.

Experts warn that by sharing PIN numbers with others, card users are exposing themselves to fraud and seriously weakening the security of the chip and PIN system.

Businesses themselves need to pay closer attention as 98% of people who have used someone else’s card said they were not caught, leaving retailers open to being targeted by fraudsters.

To help assist the growing number of people affected by ID fraud, LV=’s home insurance policy now includes free access to an Identity Fraud Helpline, staffed by specially trained expert advisors who will explain what to do if you think you may have been a victim of identity fraud.

ID fraudsters can quickly clock up many thousands of pounds of purchases by cloning a card and banks may refuse any kind of refund if the card owner has shared their PIN with others.

This is because in the event of ID fraud, card users sharing details may be considered to have acted ‘without reasonable care’ by banks who will then refuse to pay out to cover stolen funds.

The most common location for ‘borrowed’ cards to be used is at a cash machine. For those people passing on their card details for someone to buy something on their behalf almost one in ten (9%) have told someone the details over the phone, 7% have written them down, 6% have given them face to face in a public place and a few have even sent the details to someone in an e-mail or text message.

John O’Roarke, managing director of LV= home insurance, said: “It’s concerning to see the numbers of card-holders who are so lax with their card details, even if they are sharing them with their friends and family. We would strongly urge all card-users not to tell anyone their PIN number. Not only does it undermine the security of your account and increases the risk of ID fraud but also card holders could end up out of pocket if they are found to have shared their card details.

“We’d urge any customers who think they might have become a victim of identity fraud, to call our Identity Fraud Helpline for help and support.”

Via EPR Network
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Banks, Checking & Savings, Financial, Financial Services, Financial Software, Financial Solutions, Money, Security

Survey Finds SEPA Still A Priority For UK Corporates

Experian, the global information services company, has revealed that while the majority (67%) of large UK-based organisations are primarily focused on enhancing business efficiency and reducing costs over the coming six months, payment regulation will also remain high on the corporate agenda.

Survey Finds SEPA Still A Priority For UK Corporates

According to a survey of payments professionals conducted at Experian’s Payment Strategies 2009 conference, complying with changes in payments regulation, such as the migration to the Single Euro Payments Area (SEPA) and the Payment Services Directive (PSD), remains a priority for 40% of large companies. The survey also found that finance companies are most focused on complying with upcoming payments regulation (53%), while 26% of the insurance companies questioned are making it a priority to become compliant by the end of the year.

Almost a third of corporates are planning to make use of the SEPA Direct Debit service in the next twelve months, indicating that they are far better informed about the SEPA initiative and its value to their businesses. Another Experian survey undertaken in 2008 revealed that 48% of corporates felt that there was insufficient information provided on the move to SEPA.

Jonathan Williams, Director of Product Development and Strategy at Experian Payments, commented: “While most corporates involved in the migration to the pan-European Direct Debit scheme would admit that it has not been a smooth path to tread, SEPA does create direct business opportunities for these organisations. Those planning to make use of the initiative will benefit from greater efficiency in terms of consolidating their systems and rationalising the number of bank accounts they hold as well as having a common standard for direct debit transactions in Euro countries. Those corporates which need to make payments to and receive payments from the European Economic Area will benefit from this more standardised approach to payment transactions.”

He added: “Under SEPA, the use of BIC and IBAN to identify the bank and account of a payment beneficiary will become mandatory for all cross-border SEPA payments. Corporates need to be aware of the fact that failure to validate these details before making a payment will result in increased costs and poor customer service. They will need to make the necessary changes in the coming months to avoid these pitfalls which, if not addressed, could affect the profitability of their business.”

About Experian Payments
Experian Payments, develops global strategic payment software solutions and services to meet the requirements of the world’s leading banks and corporate organisations. Focussing on the specific challenges of data validation, including processes to convert IBAN, and the processing of international payments, Experian Payments’ platform-independent solutions help organisations control costs, reduce risks and improve customer service through the minimisation of payment errors. Experian Payments has over 1,000 customers across all sectors of industry and commerce. Experian Payments is a division of Experian.

Via EPR Network
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Assets, Financial, Financial Information, Financial Management, Financial Services, Financial Solutions, Investment, Money, Personal Finance, Security

According To A New Research Dads Worth An Additional £17,000 To Families

According to new research by the leading Child Trust Fund (CTF) provider, The Children’s Mutual, today’s dads undertake a wide variety of tasks in and around the home, such as cooking, assembling toys, acting as the children’s taxi service, doing the school run, organising family finances and doing DIY. This unpaid work is worth up to £17,000 a year, and is on top of the contribution to family life that a working dad’s salary provides.

It is the children that really benefit from dad’s helping hand, as their number one activity during the week is spending time with their children (4hrs6mins). This is followed by cooking (3hrs19mins), DIY (3hrs11mins) and arranging family finances (3hrs9mins).

David White, Chief Executive of The Children’s Mutual, said: “Dads play such an important role within the home and in the lives of their children – our calculations show the additional monetary value that dads now have around the home, quite apart from the emotional value that they have, supporting their partner and children. It’s great that looking after their children is so high on dad’s agendas, but it’s also really encouraging to see just how high up arranging the family finances are.

“Even in the current climate, dads are still looking to the future with 23% of working dads saying that saving for their children’s futures is a top priority. Currently 57% are working on this by trying to save what they can regularly. Contributing towards a CTF is one of the ways dads can save for their children’s futures. By saving regularly, and over the long-term, dads can help to give their children a financial springboard into adulthood that could be worth up to £37,100 when they reach age 18. This could be a massive help towards the cost of university or a deposit for their first home”.

Child Trust Funds are designed to provide a tax efficient, long term savings vehicle for all eligible young children. Each eligible newborn child (born on or after 1 September 2002) receives £250 (£500 for low income families) from the Government when their parents register for Child Benefit. The Government will make a second contribution of £250 (£500 for low income families) when the child reaches seven and is considering a third in the child’s teenage years. Parents, family and friends can all then add to this account up to a maximum value of £1,200 each year. The Government’s preferred option is a Stakeholder Child Trust Fund account which is subject to strict guidelines governing investment type and charges. The Child Trust Fund provider manages the account until it matures and becomes available to the child when they are 18.

Via EPR Network
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Assets, Business, Financial, Financial Services, Money, Security

Battle Against Mortality Fraud Intensifies

In order to offer their customers increased protection against impersonation of the deceased (IOD) fraud, Tracesmart have considerably increased the coverage of mortality data they hold. The consumer data specialists have now incorporated the General Register Office (GRO) death indexes for England and Wales from 1980-1983 into their Tracesmart Corporate suite of services; this being only the beginning of their comprehensive death index digitisation project.

The GRO has collated registers of important civil events, such as births, deaths and marriages, since 1837, but it was not until 1984 that they began to digitise records. All registrations prior to 1984 are held on microfiche. In 2005 the GRO initiated the ‘Digitisation of Vital Events’ (DOVE) project to digitise the birth, death and marriage indexes, but unfortunately following major delays the project was put on hold, with only birth records up to 1934 and death records up to 1957 having been digitised; it is not known when the project will recommence.

Death index data is a pivotal tool in the fight against IOD fraud. With a lack of historical death data available electronically and having acquired microfiches holding all deaths registered in England and Wales covering 1960 – 1983, Tracesmart embarked on a comprehensive death index digitisation project. Utilising an offshore service provider, the company are ensuring 99.95% accuracy on all records digitised through a strict quality control procedure and, when completed in 2010, the project will yield approximately 14,500,000 death records in a digital format.

Tracesmart have completed the initial stage of this project and the 1980 – 1983 death indexes (some 2,500,000 records) have already been integrated into their mortality database. These additions make it both the most comprehensive and extensive commercially available mortality database in the UK.

Whilst the 1980 – 1983 death indexes will be essential for conducting comprehensive identity checks and data cleansing exercises, they will also play a significant role when financial institutions wish to trace people as part of an asset reunification program. From their considerable experience in tracing dormant account holders, Tracesmart know that many of the missing individuals will transpire to have died prior to 1984. Whereas to identify such events previously involved labour intensive research, it can now be done at the click of a button.

Commenting on how the new death records and their ongoing digitisation project will help their customers Mike Trezise, Managing Director of Tracesmart, noted,

“Following on from the integration of death registration information into our anti-fraud services last year, we are continuing to enhance our mortality database. From a service standpoint this data means we can improve and enhance much of our portfolio, especially our identity verification and mortality screening services. This, in turn, allows our clients to better defend against mortality related fraud, protecting both the company and consumer alike.”

About Tracesmart

Tracesmart Limited was formed in 1999 and supplies a diverse range of consumer data cleansing, identity check and people tracing tools to a wide variety of industries. The company’s client base ranges from SME to Blue Chip, who are all recipients of bespoke solutions, built around their specific needs.

Mike Trezise is the founder and Managing Director of Tracesmart. With over 25 years tracing and fraud analysis experience his unrivalled knowledge provides the company with a distinct competitive advantage.

Via EPR Network
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Checks, Financial, Security, SME

Carousel Checks Online Security Reaches Highest Level of Security in the Nation

Carousel Checks, an online provider of personal, business, computer, laser and bank checks worldwide, announced today that it had been awarded the nation’s highest online security certification by GeoTrust®, the world’s second largest digital certificate provider.

The certification confirms that all customers of Carousel Checks may perform worry-free, secure online transactions and conduct business over the internet in complete security and confidence.

Andy Crim, Carousel Checks president, said that the GeoTrust certification provides Carousel Checks customers with the highest security when placing or checking an order online.

“With check and computer fraud on the rise, you can’t be too careful with your financial information when you’re on line…,” Crim said. “The GeoTrust Certification will help to reassure any apprehensive customers that ordering checks online is safe, sensible and secure.”

Carousel Checks, founded over 40 years ago by Crim’s parents, started business as a check printing company for banks around the country. When the internet made custom printing of checks for consumers a reality, Carousel was one of the first companies to pursue the consumer end of the checks printing business.

Crim said that customers return to order more checks from CarouselChecks.com because the company provides three important elements: security, speed and cost. “When people order checks, they’re probably a day or two away from running out of them,” Crim said. “So we specialize in being able to turn around check orders quickly, affordably and with the utmost of security. That’s where the GeoTrust certification is a real benefit. When customers see the GeoTrust logo on our site, they can be reassured that their transactions are safe.”

Carousel Checks prints all of their check orders on laser printing machines. These machines provide fast, accurate printing, with minimal time lost on printing errors other common hazards of standard printing. The GeoTrust announcement comes at the same time that Carousel Checks announced that it had received “Verified Secure” certification from ControlScanTM, GeoTrust’s parent company, based in Atlanta.

Crim stressed the importance of his company being certified by both ControlScan and GeoTrust. “These double security certifications are vital necessities for secure sites,” Crim said. When people order checks from Carousel Checks, we want them to have a good time browsing through our designs and ordering in confidence. The last thing we want is for them to worry about their online security.”

Crim added that visual “trust badges” signifying secure certification on the Carousel Checks.com website actually encourages many reluctant customers to buy. “People who want to have that extra assurance are often swayed by the security badges on our site,” Crim said. “We are absolutely thrilled to have received these certifications.”

CarouselChecks.com offers scores of unique check designs for business, personal checks, and online checks. Designs range from nature paintings and national landmarks to artwork, Americana and wildlife. Carousel also provides a wide variety of business and payroll computer checks. Among the most popular checks are Photo Checks, which allow the account owner to put their own photo on their checks. “This virtually eliminates the possibility of anyone passing a bad check,” Crim said.

Via EPR Network
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Financial, Financial Services, Insurance, Insurance Services, Security

Foreign Juggernauts Causing More Accidents On British Roads

New figures compiled by traffic specialists Accident Exchange show that the number of accidents caused on British roads by foreign juggernauts has increased in the twelve months to the end of February 2009 by 10%. The total number of accidents involving foreign lorries in the UK is about 9,000, but the proportions vary significantly around the country.

Nearly 50% of the total number of accidents occurring on the M25 are caused by foreign left-hand drive trucks, which is 25% of all the accidents in Britain where overseas registered trucks are at fault.

According to the last statistics released by the Department of Transport the worst offenders are Polish drivers, closely followed by those from the Czech Republic, Lithuania and Hungary.

Many of the accidents are caused by what is known as ‘sideswiping’ which happens when a juggernaut pulls out to overtake, and due to a blindspot is unaware of an overtaking vehicle.

A spokesman for Staveley Head, one of the country’s leading HGV insurance providers, said “The Government has been aware of this problem with foreign lorries for quite some time, and to some extent has taken steps to resolve it by providing magnifying door mirrors, also called Fresnal lenses, to some 200,000 foreign lorry drivers entering the country in the last year. It is disappointing that their efforts have not only failed to reduce the number of accidents but have also failed to prevent a substantial increase.”

The Staveley Head spokesman went on to say “10% of sideswipes result in the smaller vehicle being an insurance total loss, or write-off. I believe the average claim cost being quoted is in the order of £1,872, but the human tragedy cannot be measured. Many injured parties get nothing at all as the foreign drivers claim not to speak English, give false details, drive away from the accident without stopping or cannot be located by insurance investigators in their home country. Some simply don’t have any insurance cover at all.”

If you want further information about this subject, or want to know more about insurance for trucks, Staveley Head will be pleased to assist.

Staveley Head is one of the UK’s leading lorry insurance providers and will give you all the advice and assistance you need, including a very competitive truck insurance quote, if you log onto their website at www.staveleyhead.co.uk

For more information on any aspect of transport insurance contact Staveley Head on 0845 017 9991 or email quotes@staveleyhead.co.uk.

Via EPR Network
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Financial, Financial Services, Insurance, Insurance Services, Security

“Land Pirates” Threat To Truck Drivers

Europol, the EU’s police Agency, has reported that truck drivers on European roads are facing the same threat of hijack as shipping off the Somalian coast. Organised crime gangs, nick-named ‘land pirates’ by truckers, are behind the robberies and they view truck drivers as an easy target.

A spokesman for Staveley Head, one of the UK’s leading HGV insurance providers, said “Many of the policyholders who have their truck insurance with us have Green Cards, or European travel extensions, to their policies and we feel they should be made aware of these recent statistics from Europol for their own safety. Hijacking on European roads is definitely on the increase and although Europol will do their part to counter these crimes, it is up to every truck driver to be as vigilant as possible.”

It is the Eastern European countries, such as Poland, Hungary and Rumania, which pose the greatest risk. Cargoes being targeted are those which are valuable and easy to dispose of or sell on. Alcohol, tobacco, computers, designer clothing and prescription drugs are high on the list but nickel and copper appear to be the most attractive target for the thieves.

The International Road Transport Union recently released a survey indicating that one in six truck drivers has been attacked in the last five years, and of those victims one in five had been targeted more than once. Nearly half of the crimes took place in truck parking areas.

Europol director Rob Wainwright said “Road-related cargo crime threatens the principle of free movement of goods across Europe.” He went on to advise national police forces “Close co-operation and joint efforts are necessary, otherwise we will not be able to match criminals who are both innovative and cruel in their actions and behaviour.”

If you want further information about this subject, or any aspect of lorry insurance or simply want a truck insurance quote Staveley Head will be pleased to assist.

Staveley Head is one of the UK’s leading transport insurance brokers and will give you all the advice and assistance you need, including a very competitive truck insurance quote, if you log onto their website at www.staveleyhead.co.uk

Via EPR Network
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Assets, Banks, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money, Security

Unfair Blacklisting Due To Id Fraud Is Set To Boom Warns LV=

A new report* released by LV= shows that the number of Brits whose credit rating has been badly damaged by identity theft is likely to almost double within the next five years, with up to 240 people a day being affected.

The new research by home insurer LV= shows that nearly half of all Brits (46%), have experienced some sort of credit problem**, with 27% blaming mistaken identity, and 29% said they had no idea why they had encountered a problem.

LV= is warning people that if they believe they have been refused credit unreasonably, they should investigate it further. It could be a sign that they have become a victim of identity theft.

To help assist the growing number of people affected by this problem, LV= home insurance now offers customers free access to an Identity Fraud Helpline. The helpline is staffed by specially trained expert advisers who will explain what people can do if they think they have been a victim of identity fraud.

The LV= research, undertaken by the Centre for Economics and Business Research (CEBR), includes views from over 6,000 adults who were questioned about their experiences in applying for credit cards and other services. The research shows that as many as half a million adults* have been ‘blacklisted’ as a result of being hit by identity fraudsters, with the figure predicted to rise by a further 440,000 over the next five years.

In the past decade identity fraud cases have rocketed, rising on average by 33% annually for the past eight years***. The research also reveals that victims of identity fraud face costs of over £2,100 to clear their name.

John O’Roarke, managing director of LV= home insurance, said: “In the last ten years we’ve seen a massive increase in the number of people targeted by fraudsters, illustrating the importance of vigilance in protecting personal information and monitoring for any problems that might prove to be a ‘symptom’ of identity theft.

“Our research shows that an unfair credit rating is a common problem for many and more worryingly, identity fraud is likely to rise sharply in the coming years. That’s why we’ve set up the LV= identity fraud helpline, free to all our home insurance customers, so that anyone who thinks they might have become a victim of identity theft has somewhere to go for help and support.”

* Opinium research indicates 2% of people have been a victim of identity fraud. UK adult population is 47.9 million (derived from the Labour Force Survey); CEBR predicts cases will rise by 440,000 cases in the next five years.
** Credit problems are defined to include being denied a loan (including mortgage), credit card, utility or service contract, being investigated by bailiffs, incorrectly receiving a court summons or unpaid bills.
*** CEBR analysis based on CIFAS data: in 1999 there were 9,000 reported cases of identity fraud, rising to 77,500 in 2007.

About LV= 
LV= is a registered trade mark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.

LV= employs over 3,800 people, serves around 3.2 million customers and members, and manages around £7 billion on their behalf. We are also the UK’s largest friendly society (Association of Friendly Societies Key Statistics 2008, total net assets) and a leading mutual financial services provider.

LVFS is authorised and regulated by the Financial Services Authority register number 110035. LVFS is a member of the ABI, AMI, AFS and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.

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