This post was originally published on Finextra (Security)
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity, and Cifas, the UK’s leading fraud prevention service, today announced a partnership to deliver JustMe, a first of its kind mobile app designed to protect individuals from identity fraud and online scams.
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Fraud accounts for as much as 44% of all recorded crimes in England and Wales, with an estimated £219 billion annual cost to the UK economy. UK consumers have lost approximately £10 billion this year to online scams alone.
According to the Cifas National Database, the largest and most diverse source of fraud-risk data in the UK that enables organisations to share and access real-time data, identity fraud is the most frequently reported fraud type (59%) and is a persistent threat to UK consumers.
JustMe combines real-time identity verification with scam protection, giving UK consumers greater control over how their personal information is used and increased visibility into what they can trust online. Users will be notified and have the capability to confirm in real-time if any applications submitted in their name (e.g., credits cards, loans,
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