Reports of identity theft have been increasing in recent years.
Identity theft is a form of fraud where one person assumes the identity of another in order to transact under the other person’s name. Victims of identity theft, those whose identities have been taken by another, may suffer losses if they are made liable for the actions of the person who stole their identity. Those who have been defrauded by identity thieves, credit card companies and employers, are also victims in this case because they may suffer losses due to uncollected debt. Because of this, it has become important to set up better identity checks before any transactions involving exchange of resources.
An efficient identity check involves more than checking a person’s identification card (ID). There are various electronic identity checks offered by companies today. There are also online sites that provide identity check services. Checking one’s identity will help track if someone is trying to steal one’s identity, and will help protect the person from consequences of identity theft.
Companies that offer Identity Check
Companies offering identity checking services are relying on various means to verify the subject’s identity. Examples of sources of identity are electoral rolls, public directories, company and directory reports, land registry and other public information.
There are also online companies that can help track if someone else is trying to steal a person’s identity. These companies have developed a way to identify what personal information identity thieves are looking for and will alert customers when this personal information are accessed in the internet. Another service offered by identity check companies is a periodic report containing current credit score information. This is because identity thieves usually use stolen identities to avail of credit under the victim’s name. Customers of identity check companies can always be sure that their identity is safe by receiving recent information on their credit score.
Because of the possible losses attending identity theft, companies and individuals must always be careful in their dealings with other people. Setting up a system that performs efficient identity checks should be put in place. Identity checks must be as thorough and comprehensive as possible so as to prevent losses to defrauded individuals. Individuals must also protect their own identity by checking if someone is attempting to steal it. There are online identity check companies that offer this service. Using a system they have developed, identity check companies will alert customers if they suspect someone is trying to steal the customer’s identity.