The one-stop shop for white-collar criminals

David Blunkett’s plan to introduce ID cards is supposedly going to reduce the cases of identity fraud, but it could have the opposite effect as criminals would need to steal or counterfeit just one document. The scheme is to include a variety of high-tech countermeasures such as retinal scans and facial recognition, known as biometrics. But there are no plans to allow financial services companies access to these countermeasures owing to public... [Read More...]

Identity Theft

It is easy to assume someone else’s identity (ID), points out Peter Warner, vice-president of security risk management for Mastercard Europe. “When I walked in here this morning and someone gave me my badge, I had to announce who I was but I didn’t have to hand any identity over. I could have said that I was Joe Smith, for example, and I could have assumed that identity during the break and played the part of one of my competitors,”... [Read More...]