Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Technology > ONE-IN-FOUR HAVE BEEN VICTIMS OF IDENTITY THEFT

ONE-IN-FOUR HAVE BEEN VICTIMS OF IDENTITY THEFT

Published by Gbaf News

Posted on November 20, 2014

3 min read

Last updated: January 22, 2026

shutterstock 136516316

Identity theft, having credit card information stolen and cybercrime are top concerns among consumers

Identity theft has ranked as the top concern amongst consumers questioned about their digital lifestyles, according to new research commissioned by Centrify Corporation, a leader in unified identity management across cloud, mobile and data centre. The survey of 1,000 UK consumers, reveals that 81% of respondents cited that they were concerned, or very concerned about the prospect of having their identity stolen.

Having credit card information stolen online is also extremely worrying, with 79% ranking it the second biggest concern above being a victim of cybercrime (73%). Surprisingly, cyber bullying was the least concerning, with just 40% of consumers showing any real concern, whilst privacy of social networks (59%) and email spam (68%) ranked much higher.

The survey also reveals the numbers that have a high, medium, or low ‘digital footprint’ based on the amount of time they spend online in a typical week, emailing, texting and sharing or watching digital images, songs, games, videos and apps.

62% of those very concerned about identity theft have a medium digital footprint, 46% low, and 26% have a high digital footprint. Equally only 26% of those with a high digital footprint were concerned about having credit card information stolen off of an online shopping website, and their email accounts being spammed, showing that those that spend more time online are less concerned about their identity being stolen.

One in four have definitely, or probably, been a victim of identity theft, 43% of which suggested it took more than one month to fix, and one in five saying it took more than 10 hours. 47% admitted to having to spend their own money to resolve the issue, with 28% noting they have spent at least 60 pounds (GBP), highlighting the need for increased password security.

“With so much of our time spent online, be it social networking, banking, or shopping, the security of our personal information, and more importantly, our identities, is being put at risk on a daily basis,” says Tom Kemp, CEO for Centrify. “According to our survey, online purchases were the top reason that users thought they became victims of identity theft, underscoring the importance of confidence in one’s own online security. Consumers have very little faith in the absolute security of their passwords, as just 15% believe those passwords are very secure, regardless of the amount and type of characters used. Being able to manage our password security is crucial.”

Other research highlights:

• Online purchases were the top reason that users thought they became victims of identity theft, underscoring the importance of confidence in one’s own online security.

• The groups that are most likely to say they have been victims of identity theft are those that probably best understand and notice the signs of identity theft: IT workers, online shoppers, higher-salary workers, the tech-savvy, and those with a high digital footprint.

• Those with the least confidence that their passwords are absolutely secure include, those that do less online shopping (12%), those aged 50-64 (11%), and those with a medium digital footprint (11%).

• A plurality of consumers are only somewhat confident that their passwords for personal accounts could not be cracked by a computer program, but few are very confident.