Crackdown on billion dollar identity theft
Announcement posted by KE Software 20 Sep 2011
Australia's latest anti-fraud technology is being rolled-out overseas as governments around the world crack-down on identity theft.
Canada is the latest country using state-of-the-art computer software to prevent criminals from obtaining false identification documents.
The technology picks up forgeries through a sophisticated system of tracking, auditing and cross-checking millions of documents held by births, deaths and marriages registries.
The system is the latest development from Melbourne technology company KE Software.
CEO John Doolan says there is a significant reduction in cases of identity fraud when authorities introduce these tougher security measures.
“This is the most up-to-date software available anywhere and we're expanding into countries which don't want to be left behind.
“In fact there is a risk registry databases in some of Australia's own States may be left exposed.”
The Australian Crime Commission reports that identity fraud costs the economy $1 billion each year. A conservative estimate on the impact of serious organised crime is reported at $10-$15 billion.
According to the ACC, identity theft rackets are often linked to;
Money laundering
Illegal immigration
Dealing in stolen cars
Tax evasion
Welfare fraud
Mr Doolan said one of the main advantages of KE's Vitalware system is being able to detect crimes before they actually happen.
For further information contact:
KE Software
CEO John Doolan
Mobile: 0411 612 936