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With increased online transaction close to the Christmas there is an increased threat of fraud. With more business transaction companies are less diligent with their verification processes. It is important for consumers to ensure that they don’t give important personal and financial information. Unfortunately, in many cases the social media site profile of an individual provides adequate information that can be misused. The National Fraud Authority reports that every year identity theft affects over 1.8 million people across the UK and costs the country £2.7 billion. It is important for both customers and businesses to be more vigilant during the festive season.
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