Identity theft cases in Mexico increase six times in four years

According to some reports, identity theft is the fastest growing crime in the world and in Mexico the number of cases has increased six times in less than four years.

Adolfo Loera, CEO of Biometría Aplicada, a biometrics and identity management company in Mexico, is working on creating a solution to manage the biographic and biometrics data of Mexico’s commercial banks’ clients to prevent fraud, identity theft and to stop the financing of illegal activities.

The use of biometric data such as fingerprints, face, voice or iris “creates a high barrier” to preventing identity theft, Loera told La Jornada, reducing identity and information theft, internal and external cyber attacks and general fraud committed with stolen personal information.

According to the National Commission for the Protection and Defense of Financial Services Users, in the first six months of 2015 there were more than 28,000 reported cases of identity theft compared to 4500 in all of 2011.

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