20 October 2017

Massive surge in online ID fraud - Experian

17 July 2012  |  8854 views  |  0 biometric  face pointer

More than 12 million pieces of personal information were illegally traded online by identity fraudsters in the first four months of 2012, new figures from Experian reveal.

Research from the credit agency's Web monitoring services CreditExpert shows that the first four months of 2012 have already outstripped the entire of 2010 when 9.5 million pieces of personal information were illegally traded in global online forums.

Approximately 90% of the data traded during January - April this year consisted of password and login combinations. This dramatic surge is thought to be in part due to consumers having a spiralling number of online accounts.

Consumer research commissioned by the firm among a sample of 2000 UK adults reveals that the average Briton now has 26 different online accounts with 25-34-year olds being the most prolific, with no fewer than 40.

The number of online accounts is set to grow further, with nearly one in five of Britons (17%) signing up to six or more new accounts every month.

Despite this, Britons use an average of just five different passwords to keep their details safe, says Experian, with a quarter (24%) using a single password for the majority of profiles, and one in 25 (four per cent) sticking with the same login details for all their accounts.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Global Payments breach affects up to 1.5m cardholders

Global Payments breach affects up to 1.5m cardholders

02 April 2012  |  9383 views  |  0 comments
EU data protection overhaul to impose new burdens on banks

EU data protection overhaul to impose new burdens on banks

24 January 2012  |  9284 views  |  1 comments
Card fraud reports follow supermarket check-out breach

Card fraud reports follow supermarket check-out breach

07 December 2011  |  8093 views  |  2 comments
Over 100 indicted in huge New York ID theft ring takedown

Over 100 indicted in huge New York ID theft ring takedown

10 October 2011  |  7355 views  |  1 comments
Betfair kept massive card data theft quiet

Betfair kept massive card data theft quiet

30 September 2011  |  11644 views  |  1 comments
Morgan Stanley warns customers of data breach

Morgan Stanley warns customers of data breach

06 July 2011  |  7301 views  |  3 comments
Citi raises the numbers hit by data breach

Citi raises the numbers hit by data breach

16 June 2011  |  8872 views  |  0 comments
Crisis at Sony deepens as second breach hits 25 million accounts

Crisis at Sony deepens as second breach hits 25 million accounts

03 May 2011  |  7172 views  |  0 comments
US identity theft continues to rise - Javelin

US identity theft continues to rise - Javelin

10 February 2010  |  9549 views  |  0 comments
Gullible Brits make life easy for ID thieves

Gullible Brits make life easy for ID thieves

19 October 2009  |  4569 views  |  0 comments
Recession fuels ID theft fears

Recession fuels ID theft fears

12 October 2009  |  4815 views  |  0 comments

Related company news

 
visit www.innotribe.comvisit www.niceactimize.comvisit www.capgemini.com

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8547 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8536 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7616 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7068 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6682 views comments | 14 tweets | 23 linkedin

Featured job

Find your next job