Identity Fraud Reached Record Levels In 2016

Following the announcement from Cifas that ID fraud has reached record levels, Robin Tombs, CEO at Yoti commented below.

Robin Tombs, CEO at Yoti:

“Identity theft has become a massive problem, and today’s announcement from Cifas shows just how serious this threat is. Consumers’ desire for convenience often trumps security concerns, allowing fraudsters to access other people’s personal information and make hay. In today’s digital world, individuals need both convenience AND security.

“The key challenge all websites and identity providers are striving to solve is the easy and secure login challenge. Giving people a convenient yet secure way to access their online accounts and protect their personal information will help overcome the threat of identity fraud. I believe privacy by design and biometric authentication will play a key role in addressing this conundrum. Unless such measures are put in place, the number of cases of identity theft will continue to rise.”