Wednesday 21 November 2007

Fraud Threat To Last For Years

The treat of fraud arising from the HMRC lost data fiasco will last for years, and could have a catastrophic effect on the economy and on people's lives.

Children whose personal data has gone missing could be at risk of identity fraud for many years, credit reference agency Experian has warned.

The company said fraudsters could wait until children turn 18 before trying to apply for credit in their name.

Compliance director Helen Lord said this could have a "catastrophic effect" on their ability to buy or rent a home or obtain a loan or credit card.

Source BBC

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