Insurance fraud is unfortunately on the rise and Insurers are investing over £200 million a year in an effort to prevent this crime. Be Wiser invest significantly into ways to prevent as many instances of fraud as possible. Whilst we have made large steps forward it is not always possible to identify in every situation.
Examples of Insurance Fraud/Scams:
- Phishing Emails - Read More
- Vishing Calls – Read More
- Ghost Broking – Read More
- Door to door sales attempting to sell Be Wiser Insurance policies
ID Fraud – What and Why?
Put simply, identity fraud or ID fraud is when someone steals your identity to carry out illegal activities in your name, which can then lead to you having to pay the bill.
There are several ways criminals can obtain your personal details to commit ID fraud which include finding old letters in rubbish bags, public information on social media accounts and baiting the details from you using scams such as Phishing Emails (see above for more information).
ID theft can not only leave you without money, it may also lead to being chased by debt collectors, having court actions and causing problems when getting credit or mortgages.
How to help prevent ID Fraud
There are several preventative measures available to you that will make it exceptionally harder for fraudsters to acquire your information:
- Ensure your PIN number is not easy to guess
- Get a shredder to get rid of old documents with your information on
- Ensure your mobile phone has a secure password
- Use up-to-date antivirus software on your pc to prevent your data being accessed
- Frequently check your bank statements to ensure nothing looks out of place
- Occasionally check your credit reference files, if someone is applying for credit in your name it will show up here
Following any of these steps will help you prevent ID fraud however, if you think you've been a victim of fraud, report it to ActionFraud (0300 123 2040), the UK's national fraud reporting centre. It may also be able to offer help and advice on what to do.