Identity Theft Dangers: All Too Real
Identity theft can happen to anyone. Just today, it was reported that Barclays bank chairman Marcus Agius fell victim to an imposter who sweet-talked call center staff into issuing a credit card in Agius’ name. The thief is thought to have researched Agius online, looking up personal information that allowed him to present a credible story to bank employees. When he received the newly issued credit card, he walked into a Barclays branch and withdrew 10,000 pounds (about $15,000 US). Ill-gotten gains in hand, the fraudster simply walked away.
The incident has led Barclays to review its security procedures. But they’re not alone; some speculate that the same professional thief, or his conman cohorts, could be behind a rash of identity thefts at other leading UK banks.
Now consider the young couple in Texas who found out that someone had stolen their two year old son’s identity and used it to open lines of credit, purchase a home, and turn on utilities. From the great to the small, anyone can be a target of identity theft. Make sure you guard your personal information, and take advantage of extra security measures offered by your credit card company.
