Identity Theft: a Major Threat to India


A common example is the act of using your personal information to open a credit card account in your name. There are companies like Credit Sudhaar which work towards promoting awareness and providing solution to identity theft and claim that though awareness is low but the issue is rampant and needs to be addressed on a bigger scale.

Hapless victims are forced to legally change their names and details to prevent the nightmarish misuse. However, the worst damage is already done within the first few hours, while untangling from the mess takes years. The credit history takes a heavy hit and unless counseled professionally a customer may not even know how to handle such crisis is what has been the observation of credit Sudhaar – a relatively new initiative in India in the sphere of credit health management.

Therefore, with the mounting scare of mortal embarrassment, financial mutilation, reputation blemishes and life devastation, is it any wonder that the general public is becoming increasingly paranoid about personal identity security? After all, what is more important than your name?

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