Title: Identity Theft and Financial Crimes Threaten Bulgarian Citizens: Insights from a EU-Wide Study

Background

Bulgaria, an EU member since 2007, has witnessed a surge in identity theft and financial crimes. Insights from a European Union (EU)-wide study conducted by ICF in collaboration with the Center for the Study of Democracy (CSD), University of Trento, and Victim Support Europe, shed light on the extent and consequences of these insidious crimes in Bulgaria.

Examines the phenomenon of online identity theft and identity-related crime across the EU
Particular focus on Bulgaria to assess the nature and scale
Assesses prevalent criminal schemes, number of victims, and associated costs

Identity Theft in Bulgaria: mirror trends in other European countries

Cybercriminals employ complex techniques: phishing, social engineering, data breaches
Stolen personal information used to open credit cards, apply for loans

Countermeasures by Bulgarian Authorities and Financial Institutions

Various countermeasures taken, but gaps identified
Weak passwords and insufficient public awareness regarding data security remain common issues

Recommendations to Enhance Measures

Raise public awareness
Strengthen cybersecurity infrastructure
Adopt best practices from other EU countries

Staying Informed and Vigilant to Protect Against Online Attacks

EU-wide study highlights the urgent need for heightened awareness and improved measures
The Study on Online Identity Theft and Identity Related Crime is available on the Publications Office of the European Union website

Conclusion

With cybercriminals constantly evolving their tactics, staying informed and vigilant is essential to protect individuals and businesses from identity theft and financial crimes. The findings from this EU-wide study provide valuable insights for the Bulgarian community and the broader EU, enabling more effective safeguarding of online identities and assets.