By Joshlin Sheridan, Marketing —
Tabloids. They’re an eyesore in the aisles of grocery stores…and yet, my eye is always somehow drawn to them. One story that recently caught my attention proclaimed that Demi Moore was the victim of identity theft, which caused a total damage of almost $170,000. Upon further research, I found that this event actually occurred! It’s caused quite a stir in warning the public against the dangers of identity theft.
It All Started with One Credit Card…
How did actress, model, and songwriter Demi Moore become a victim of identity theft? The incident started when someone got a hold of her credit card that had no limits on spending and went on a 25-day shopping spree. The card thief splurged on luxurious stores in the Los Angeles area. Eventually, the thief was apprehended, and Moore’s finances were protected as well. But it’s easy to see how quickly identity theft crimes can get out of hand.
A Serious Issue
Identity theft is an issue that will not go away on its own. In fact, the Identity Theft Resource Center (ITRC) found that in 2017, credit card fraud increased by 23%, compared to 2016. Additionally, identity theft can occur to anyone, celebrities and “regular folk” alike! It happens to people of all ages; the elderly and young children are often targets for identity theft.
One major concern in the realm of identity theft is the use of fake IDs and identification documents online. For example, if someone is applying for a new credit card online, it can be difficult for a financial institution to discern if the person is who they proclaim to be.
Verifying Customer Identities
IdentityDetect™ is a solution to this issue of identity verification that financial institutions face. IdentityDetect is a test that can be taken online or with a mobile device to verify a customer’s identity within about 2 minutes. It utilizes a nonintrusive test that monitors variations in motor nervous system responses as people select answers to questions about themselves. Financial institutions can cut down the risk of accepting customers with fake IDs and documents by implementing IdentityDetect. This same technology can also be used by government organizations or any other company that requires identity verification. Learn more about IdentityDetect here.
Photo by / Jacek Dylag