'Too easy' for crooks says man whose identity was stolen to open a buy now, pay later loan account - News Summed Up

'Too easy' for crooks says man whose identity was stolen to open a buy now, pay later loan account


Wellington electronics developer Neill Bryce had his identity stolen by someone who got credit in his name. “They are not even requiring the identification document, just the driver’s licence number.”“It's done online, and you simply type the number into a box. Supplied New Zealand driver’s licence is often used by lenders as an identification document. Lyn McMorran, executive director of the Financial Services Federation, which represents many non-bank lenders, said identity fraud was a cost to lenders. “We have spoken with the NZTA around the issue that a driver’s licence is not just a licence to get behind the wheel of a vehicle.


Source: Stuff July 17, 2021 17:01 UTC



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