Identity theft is one of the worst consequences of phishing and online credit card fraud. This larceny usually starts with a phishing site or online spoof that succeeds in capturing enough personal and bank information to allow the hackers to imitate the account holder. Because phishing email is disguised as a well known bank or merchant, it is very difficult to detect.

How WebLOQ Helps:

The identity confirmation that is integrated into WebLOQ assures that all emails are from known senders. Private Email that is received from your bank within your private community is valid. Any email received on the public side, claiming to be from your bank is more likely to be fraudulent. WebLOQ helps you to become safer from online fraud and identity theft.

Protection from Identity Theft:

The continued growth of online fraud and identity theft has cost consumers and financial institutions billions of dollars. Perhaps the best known form of online identity theft is "phishing". This is where criminals send emails asking prospective victims to verify personal information using an email link. Approximately 88 million Americans had digital data exposed within an 18 month period. (Business Week, July 2006) The cost to businesses and individuals to recover from identity theft is staggering and has become the largest crime wave in the history of the world.