An Internet lender in the UK, MCO Capital, has been shut down for allowing itself to be duped by fraudsters who impersonated more than 7,000 people.. It turned into a big problem when the company tried to collect on the victims of identify theft.
It’s hard to believe that there was nothing in place to identify this. In the US, there are products, like Decision Logic that help verify a person’s bank account. The service provide proof of identity, account verification, current balance and even recent bank transactions.
