Author: Desk Team

Identity theft concerns mount
Asia, World

Identity theft concerns mount

One in 11 Thai consumers suspect their identity was stolen, according to a Fico survey A mobile screen displays a bank's digital know-your-customer feature which allows new bank accounts via facial recognition. Most Thais are open to providing their bank with a biometric such as a facial scan, fingerprint or voiceprint to secure their accounts. Identity theft is a tangible threat for people in Thailand, where 8.5% of people surveyed say they know their identity has been stolen and used by a fraudster to open a bank account, according to the US-based data analytics company Fico. A further 9% believe identity theft is likely to have happened to them, says the company, which pioneered credit scoring more than 60 years ago. The acknowledged level of risk from identity theft means there is ...