Manchester, NH -- (SBWIRE) -- 07/20/2016 -- It is not a surprise that crimes such as identity theft are highly prevalent around the globe. This type of crime has even been found be a major issue worldwide. There are countries that are most affected by this crime, and they are those with consumers that turn to online banking.
Mexico and the United States are the countries with the highest rates of identity theft in the world. There are 11 countries that face this problem such as India, the UAE, China, UK, Brazil, Australia, Singapore, South Africa, and Canada.
In the United States, consumer complaints have been due to identity theft for several years now. This type of crime outscores debt collection, bank complaints, and car related complaints.
Credit card fraud often follows identity theft. When personal or financial information has been stolen, criminals then criminals start to access the bank accounts of the victim.
European countries use the EMV (Europay, Visa, Masters) system. This adds more security layer through a pin number. This technology has actually been introduced in the United States. However, updates can take some time. Banks need to update their ATMs to accept the new cards.
Since the update has not been completed yet, identity theft is still highly prevalent in the United States.
While it is the United States that is considered to be one of the top victim countries, identity theft is believed to come from Russia. It is Russian hackers that are notoriously known to be the world's biggest supplier of stolen credit card numbers and other personally identifiable information.
Programmers and software engineers are believed to be forced to succumb to illegal activities due to high employment rate. This crime allows them to survive. The Russian mob, on the other hand, provides them with the equipment needed to perform the criminal work.
There are several factors believed to contribute to the high rates of identity theft in these countries. While authorities and banking institutions are looking for ways to find a concrete solution to this problem, consumers are advised to take preventive measures to protect themselves from these fraudsters.
One of the best ways to fight identity thieves is to simply use products such as the RFID blocking sleeves, which protect credit cards from card skimming devices typically used by fraudsters. Many consumers find this set of protective sleeves extremely helpful, especially when they are out dining or in public places.
The set of RFID blocking sleeves can be purchased at amazon.com. (www.amazon.com/rfid-blocking-sleeves/dp/B0150T0AI2)
About RFID Vault
RFID Vault is a brand dedicated to protecting your bank without breaking it! Keep your personal information stored on bank cards, credit cards, driver's licenses and passports safe a secure. We are dedicated to providing quality RFID products and personal customer service.
Learn more at http://www.myRFIDvault.com
SOURCE LINK: http://www.insidermonkey.com/blog/11-countries-with-the-highest-rates-of-identity-theft-in-the-world-351940/
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