Advantages At least now more people know the pitfalls
Disadvantages online sites are playing into fraudsters hands
Cyber-fraud- So you're Ian Hislop eh! -
It's here today; it's a fact of life. In fact over 800 data-bases have your personal details without your say so and are available to cyber fraudsters at anytime. It's not fair and everyone is a sitting duck. It hasn't become 'if' it has become 'when' I will have this problem. TK Maxcredit card manufactures had fraudsters working behind the scenes within the branches around the UK and still (after 16 months) trying to get to the bottom of this mass scale of fraudulent credit card activity. The media have had to put a lid on the amount of exposure because of the scale of this mass corruption; otherwise the economic damage due to this would be out of control. It all started by huge electronic databases being sold to marketing gurus for a lump sum; then to increase revenue further the details are then sold to other marketing businesses for a higher stake, and this goes on and on.In 2001 -2003 lots of UK based marketing businesses got amazing financial rewards for being 'taken-over' by American mosaic business giants. It was their job to run the UK businesses down to a non-functional enterprise - many people in these fields lost their jobs. Where did all those databases go? All that information - Well, it's not safe put it this way. It's not in high voltage safes or in Alcatraz, but available to anyone who wants it, the reason why is because it is digitalised, available online through dormant business addresses; still being bought, re-sold time and time again. What makes this even worse now is that you don't even have to be a professional computer hacker anymore to get access to many of these files (of real people). Companies House actually gives away this information for small fee of £1.00, without any checks or proof of identity; all you need is an email address. In the small print you do read that they hold themselves not liable for anything thereafter; it is a perfect climate for fraudster activity. All this and this isn't even touching on the main net for fraud activity being social chat rooms and networking sites; let alone the fraudster's friend being the high street bank. Financial documents left out on street corners un-shredded; a Christmas present for any fraudster.
All of us sadly walk in a dreamy bubble when it comes to identity theft. All kinds of variations of my name has littered my doormat and I only have a '4' letter sir name. Problems lie with mail order companies and banks mainly. It is natural to laugh it off - oh yes, it's worth a laugh over the cornflakes; but if you ask yourself why is this occurring so often it is because somewhere your identity is being used. It is not just a database error. This is evidence of fraudulent activity. It doesn't matter how careful you are yourselves, it's the means in which marketing companies buy and sell their databases that is the main issue; in my view they require stricter working practices, vetting, and frequent regulators to stop modern day fraudulent behaviour and patterns.
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