Identity thieves strike every 79 seconds
The 35th Annual Crime Stoppers International Conference has started in Cape Town on Monday.
CAPE TOWN - A local fraud examiner says identity theft occurs every 79 seconds worldwide.
Nick Olivier is one of the speakers at the financial crime session being held as part of the 35th annual Crime Stoppers International (CSI) conference on Monday.
- Corinne Dettmeijer (@NLRapporteur) October 13, 2014
The three-day event is taking place at the Cape Town International Convention Centre.
Olivier says the latest statistics in the United Kingdom reveal 60 percent of all fraudulent crimes were identity related.
He says over the past five years more than 19 percent of victims of identity theft in Australia had their personal details used to gain credit or loans.
Meanwhile, the South African Insurance Crime Bureau's Michel Nel says South Africa loses more than R10 million per year as a result of insurance fraud.
Nel says partnerships with the South African Police Services, the Hawks and the National Prosecuting Authority have enabled them to prosecute 16 syndicates in recent years.
- Proudly SA (@ProudlySA) October 13, 2014 Earlier, CSI president Alexander MacDonald said it was time the world comes together to tackle the challenges collectively faced in combating criminal activities.
MacDonald is one of almost 60 delegates who will be speaking at the event over the next few days.
Meanwhile, the head of Crime Line South Africa, Yusuf Abramjee, has told local and international delegates whistle blowing should become the moral duty of all citizens worldwide.
Abramjee has also called on people to unite against international terror, adding the world must say no to the killing of innocent civilians, be it by terror groups or government.