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Tuesday, May 14, 2024

Identity theft concerns mount

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…

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