Morgan Stanley ID theft risk calculator launched

www.moneynews.co.uk > General finance > Morgan Stanley ID theft risk calculator launched

Morgan Stanley ID theft risk calculator launched

Wed 18th Oct 2006

In order to help the battle against the risk of ID theft, Morgan Stanley has introduced an ID theft risk calculator to give customers the chance to weigh up the likelihood of them falling victim to the crime.

Found on the Morgan Stanley website, the ID theft risk calculator works by posing a series of questions relating to specific aspects of card usage.

The risk calculator asks questions on four subjects: home, finances, lifestyle and personal details, so that the level of risk an individual faces due to their habits can be effectively assessed.

Level of risk is displayed by a green and red warning system with the aim of making people more aware of the risk they may run regarding ID theft.

"Identity fraud is costing the UK billions of pounds a year, and is one of Britain's fastest growing crimes," Nigel Evans, MP for Ribble Valley and chair of the all party group on identity fraud, told the BBC.

He added: "Throwing away your personal details is as good as advertising them in the local paper. We are making it far too easy for the identity thieves."

According to Morgan Stanley, good ways to combat the risk of falling foul of ID theft are to discard or preferably shred receipts and personal information, never give out pin numbers and only shop on secure websites.

Related News : General finance
	Citizens Advice welfare applauds government
	Confused.com energy defends British Gas
	Bank of Ireland passes stress test
	Tesco Mobile deal 'courts consumers'
	Scottish Widows Investment Partnership notes favourable response
	Customers should fix now, says moneysupermarket.com energy
	Confused.com highlights importance of getting the best deal
	Prices on the rise, says moneysupermarket.com energy
	Bank of Scotland economic report 'suggests transitional phase'
	Clydesdale and Yorkshire Banks security advice issued