Research conducted by Lloyds TSB has shown that:

76% of adults are concerned about ID theft
39% feel more at risk than they did before the recession hit
52% of those concerned about ID theft believe the recessions has increased the risk
57% of people believe that social networking sites have made it easier to steal personal details

38% of Brits have experienced ID fraud with 18% having been victims personally
57% of those surveyed admit they have not done enough to protect themselves
25% do not know to protect themselves

According to CIFAS, the UK’s Fraud Prevention Service, it takes an estimated 48 man hours to rectify the damage resulting in fraud, and the cost to the victims is frequently as high as GBP8,000. Typically, it takes an average of 539 days for someone to discover that they have been and victim of ID theft.

Lloyds TSB have launched a new product called ‘ID Aware’ which allows customers unlimited access to their credit reports online or by post, and credit monitoring which sends timely email or text alerts when any credit is taken out in the customers name or their credit profile changes. ID Aware provides 24 hour access to a dedicated team of specialists who will take control if you become a victim of fraud as well as the option to have a personal identity theft risk assessment.