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ID-fraud cases increases heavily

15.04.2008

Identity theft has increased heavily and is one of the world fastest growing crimes. "Alarming development", says head of anti-fraud in Lindorff, Terje Bjørlo.

Terje Bjørlo, former police investigator and now head of anti-fraud in Lindorff, has experience from the UK and the Nordic countries and knows how easy it is to get exposed for this kind of crime.

Can affect anybody
”The rapid development in this kind of crimes is alarming. Anybody can be affected. The risk of being caught is minimal, and the profits can be very high for those operating with ID-theft fraud. Some years ago it could take months between every time we discovered a ID-theft fraud case. Now it is on a weekly basis and sometimes several times a week”, says Bjørlo.

By taking possesion in national security numbers, credit cards and other personal documents, criminals can easily steal and take advantage of other people’s identity. Then they are able to withdraw money from their bank accounts, open new credit cards, make orders, purchases and so on. They take total control of other people’s lifes, and ID-theft is often experienced as a psychological assault.

Huge losses
According to figures from a survey by the American research company Gartner, ID-theft fraud has risen more than 50 % since 2003. About 15 million Americans were affected in the 12 months ending August 2006. Average losses per victim were more than doubled in most fraud categories, while amounts refunded dropped 26%, compared to 2005. The research aslo pointed out an average expence of $8200 USD and 600 working hours for those affected.

About Lindorff:
Lindorff Group is a leading outsourced receivables management provider in Europe, and one of the leading on a global basis. Lindorff posted revenues of over MEUR 349 million in 2007 (proforma) and has approx 2000 employees in Norway, Denmark, Sweden, Estonia, Latvia, Lithuania, Russia, The Netherlands, Finland and Germany. Lindorff has a lot of experience with industries such as banking, finance, insurance, telecom, utilities and credit trade.

Contact:
* Lindorff Head of anti-fraud, Terje Bjørlo, mob. (+47) 90 04 44 45, e-mail: terje.bjorlo@lindorff.com
* Lindorff Group, SVP Communications Arve Paulsen, mob: (+47) 90 11 70 05, e-mail: arve.paulsen@lindorff.com

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