And while your bank should ultimately cover you for any losses if you’re a victim of fraud, disentangling yourself can be a tricky and lengthy process.
The use of usernames and passwords is probably one of the most common authentication methods, but many other more complex authentication types are available.
Instead, the message that screams from the page is ‘GET YOUR FREE EXPERIAN CREDIT REPORT AND SCORE*’.
The asterisk points out that this is only free for the first 30 days, after which you’ll have to pay. If you’re smart enough to find the application page for your £2 report, you’ll have to wait for a password to be posted to you – even though you can see it instantly with the premium service.
While it may sound like an unnecessary bind, staying on top of your credit report is the best way to protect yourself against the growing risk of identity fraud.
Cases of ID fraud – where someone steals the personal details of another individual and uses their identity to apply for goods and financial products – leapt 16.5% in the first nine months of 2012, according to the UK’s fraud prevention service CIFAS.