Saga comments on rise in identity fraud

Friday 10 June 2005

Saga comments on rise in identity fraud

For information on Identity Theft cover or for information on Saga Home Insurance,

call 0808 101 5100 or visit the Saga website on

Further to today's press coverage of a 100,000 identity fraud scam on a high street bank, research* from Saga Home Insurance shows that 86% of people are concerned about falling victim to identity theft, but almost a quarter, 24%, take no precautions to protect themselves from this fast-growing crime.

Saga's research** has also shown, amongst those with Saga's Identity Fraud cover, more than 1 in 5 (24%) know someone who has fallen victim to the fraudsters. As identity fraud cases continue to spread, people are beginning to guard themselves against the crime more carefully.

Amongst Identity Fraud cover holders:

  • two-thirds (65%) regularly shred or destroy any mail or statements which contain personal details
  • 12% take extra care when using the internet
  • 3% refuse to give out information over the phone.

Andrew Goodsell, Chief Executive, Saga, comments: "Identity theft is a crime of our times and can cost people a great deal of effort and money to rectify. While insurance can't prevent this happening, it can at least help to ease the burden of setting the record straight."

Saga's Identity Fraud cover has proved popular and has helped to heighten its customers' awareness of the steps they should take to protect their identities:

  • Always be wary of those soliciting your personal information, even friendly or official-looking people who stop you in the street or call at your home. Be sure they are genuine and that they really need your personal details.
  • Destroy any unwanted documents that contain your personal information, preferably by using a shredder. Be extra vigilant when disposing of bills, credit card slips and bank statements.
  • Do not keep security numbers, PINs or passwords on your person, this includes stored in your mobile phone.
  • Check your bank, credit card statements and telephone bills - if you notice anything unfamiliar, contact your bank or credit card provider immediately.
  • Ensure that your purse or wallet contains the minimum amount of personal details - think twice before carrying your credit cards and driving licence in the same place.
  • Personal mail is often stolen as part of identity theft. Take extra care if you live in a property with a communal post area.

If you suspect that your post is going missing then contact the Royal Mail Customer Enquiry Line on 08457 740 740.

More information about identity theft can be found at or

Saga Home and Contents Insurance is available to people aged 50 and over.

For a free Identity Theft guide or for information on Saga Home Insurance,

call 0808 101 5100 or visit the Saga website on


Editor's Notes:

* Research carried out by BMRB (British Market Research Bureau) on behalf of Saga Insurance Ltd in June 2004 on a nationally representative sample of 1,001 adults aged 16 .

** Research with Saga home insurance policy holders who have taken out identity theft cover. Fieldwork for this research was conducted by our internal market research interviewer team between 8 and 12 April 2005

Identity theft provides up to 5,000 of expenses, per household, in any one policy period

Saga's Identity Theft Cover is available only as an add-on to Saga Home Contents Insurance at 20 per annum and offers the following features:

A maximum of 5,000 for expenses incurred in defending your good name and reinstating your credit status

Up to 50 a day (overall maximum 1,000) to cover lost wages if you need to take time off work to sort out an identity theft

Up to 500 cover for loan application fees, if you have a loan refused following identity theft and are forced to re-apply

Cover for legal fees to defend actions brought incorrectly by merchants and collection agencies following an identity theft

Cover for legal fees to remove wrongly recorded civil or criminal judgements

Legal fees to challenge the accuracy of credit files and other financial records

Up to 100 towards your telephone and postage costs incurred whilst recreating your financial identity

For further press information please contact the Saga Press Office on: 01303 771529.

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