Tag Archives: Identity Theft

Financial, Financial Services, Financial Software, Security

FlyLink Enhances Online Transaction Security and Convenience for Global Shoppers

BEIJING, China, 4-Dec-2024 — /EuropaWire/ — As the digital economy grows, so does the risk of online fraud, identity theft, and financial losses. FlyLink steps up as a powerful solution, offering users a secure, efficient, and hassle-free online payment experience. With state-of-the-art encryption, real-time fraud prevention, and comprehensive data protection, FlyLink provides a trusted platform for safe digital transactions.

In the face of rising cybersecurity threats, such as phishing and malware attacks, FlyLink’s robust security measures ensure peace of mind for both consumers and businesses. The platform’s real-time fraud detection system, enhanced by machine learning, rapidly identifies and blocks suspicious activity, reducing the risk of fraudulent transactions.

In addition to its security capabilities, FlyLink offers a seamless user experience, supporting over 60 payment methods and 70+ currencies, making cross-border transactions straightforward and accessible. Its user-friendly interface and streamlined checkout process make it ideal for global shoppers and businesses alike, while the platform’s compatibility with major social media platforms like Instagram and Facebook ensures convenience at every step.

With more than 19,000 successful transactions and over $2 million in processed payments, FlyLink is gaining trust for its quick, secure, and reliable service. By merging cutting-edge security with a smooth user experience, FlyLink is helping redefine the future of online payments.

SOURCE: EPR Network

Debts, Financial, Financial Services, Loans, Money, Personal Finance

Bad Credit Rating Can Be a Symptom Of Identity Fraud

In 2012, we are more aware of the problems that arise from identity fraud than ever before, however a recent survey by loansforbadcredit.co.uk has suggested that we still do not fully understand the extent to which someone stealing our identity can affect out future chances of getting a loan.

Lead researcher, Peter Richardson, said “It is well known that most identity fraud cases are financially motivated. Fraudsters commonly open bank accounts, take out credit cards and attempt to take out loans using your name, address and history as a means of bypassing the credit checks. The result is potentially devastating to the victim’s financial affairs, however the biggest problem is the bad credit rating you could pick up along the way.”

Your credit rating is important, it’s the first statistic a lender will check when deciding whether to offer you that mortgage you urgently need, or that credit card you have applied for, even the new mobile phone contract you wanted. If you have a blackmark on your credit record due to a fraudsters activity you could mistakenly be refused finance, it is thought over 4000 UK residents have found themselves in this unfortunate situation.

LoansForBadCredit.co.uk have noticed a steady rise in applications for short term loans for people with a bad credit score, as a result of the economic climate and issues resulting from events such as identity theft the number of people with bad credit is trending upwards with no immediate signs of slowing down.

With identity fraud rising year on year, experts have advised people to be extra vigilant with personal documents such as bank statements and utility bills and regularly shred them. By protecting your personal information you can vastly reduce the chances of being victim to ID fraud in the UK, reports show that people earning above £35,000 a year and living in London are most at risk. If your credit record has been damaged it is recommended that you request your own file from one of the leading credit agencies and have any mistakes removed as soon as possible.

Via EPR Network
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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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