Identity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person's name, and perhaps to the other person's disadvantage or loss. The person whose identity has been assumed may suffer adverse consequences if they are held responsible for the perpetrator's actions. Identity theft occurs when someone uses another's personally identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes.
In the UK, this year 2016, the Metropolitan Police and the Banks and working together to the aim of moving the onus of fraud prevention from the Banks to the individual. Click here for an article explaining their thought process.
The Police are insisting that the public are not sufficiently vigilant and therefore should be liable for the consequences of any fraudulent act. The Banks clearly love this approach because as of today, they reimburse clients that have been the victim of fraud unless they can prove the client has been negligent with their PIN. Under the new guidelines should they be introduced, and let's not forget the power that Banks wield in the political World, unless the client can prove it was the Bank at fault, they will have bare the full consequences.