A classic example of credit-related economic crime (bank fraud) occurs when a criminal receives a loan from a bank, the identity of someone else. The penalty for the victim pretending to be an accurate name, address, date of birth or other information that the lender requires a means of identity.
Even if this information is based on national data on a credit rating service, the creditor does not deal with concerns, because all the information from the victim with the record. The lender has no easy way to discover that the person to act as the victims, especially if the original, the Government, the ID can not be verified (as in the case of the line, mail, phone, fax transactions) . This type of crime is not self-discovery, even if the authorities can track down the criminals if the funds for the loans have been emailed to them. The penalty is the price of loans, the financial institution is never repaid, and the victim was wrong to blame the delay on a loan s / he never authorized.
The failure of companies or organizations for the protection of consumer privacy, confidentiality and customer privacy has been criticized policy to facilitate the acquisition of personal identifiers by criminals.
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