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Author believes despite of ID-theft instances occurring in UK
"If we can secure the various situations where criminal could make use of the stolen ID-theft information", we can bring down the financial loss ratio faced every year in UK.

That is because the criminal would not be able to make use of the stolen information.

How far do you agree to the above statement?

Researches have proven the drop in financial annual loss due to ID-theft in UK after specialised bodies have come in action to protect ID-theft.

Do you believe additional government bodies with new secured protocol will help making current Electronic Payment System safer, thus preventing ID-theft.

The Electronic Commerce: Security & Privacy act states that 'No organisation is entitled to store or retain 3-digit CVV 2 (CVC 2) number at all times, found at the back of the card'.

i.e. 3-digit code (CVC 2) is shared to the customer representative while making a reservation (airline, hotel, etc.) on telephone, or entered online at merchants website for making payment.

Do you believe that the merchants are following the Electronic Commerce: Security & Privacy guidelines? Hence not storing the 3-digit code in their database.

Do you know customers & merchants using 3-D Secure Payment system (Visa & MasterCard) are insured from Identity fraud & fraudulent transactions?

Hence are not liable for the financial loss during any incident.

PayPal being one of the major vendors accepting Credit Cards payments globally recently introduced 'Guest Account' services.

i.e. PayPal "Guest Account" can be used by registered & non-registered PayPal account holders allowing them to pay for the online transaction (non 3-D Secure), without signing up or login.

Do you think criminals can make use of stolen ID-theft information at PayPal website using Guest Accounts to make fraud transactions? Hence the payment methodology used by PayPal is at risk.

Large numbers of cases are registered every year for impersonation & ID-fraud against trusted Hotel employees for their respective customers.

i.e. Telephone reservations are widely used for Hotel reservations, Airline booking, Brands & Merchants making payment through Credit/Debit Card.

How strongly do you trust the payment methodology used by the merchants for 'Securing, Processing & Shredding' the customer Card details shared over the Telephone?

Hence keeping it safe from their employees from being mis-used.

The current telephonic EPS allows you to share credit card details with the merchant over the phone.
How far do you agree to the idea of adding additional layer of security in current telephonic EPS?

Till what extent you feel safe while using following Payment Methods:

Rate your trustworthiness for each of the following Payment Methodology from Numbers 1 to 5.
(1= risky, 2=partially safe, 3= neutral, 4=safe, 5= confident)

Have you ever been a victim of "Identity Theft" or do you know someone who have been through it.

If yes, which method was used to utilise the victim's identity

Stolen or Lost Card

Online Banking (Internet)

Telephone Booking

Any Other Technique used

New ideas or comments on this topic will be much appreciated: