Large rise in identity fraud: CIFAS

Published on

During the first quarter of 2010 there was a 19.86% increase in identity fraud when compared with the same period in 2009, according to CIFAS, the UK’s fraud prevention service.

It also found that the number of victims of impersonation increased by over 20% compared with the first quarter of 2009, while overall fraud levels remain consistent, with nearly 60,000 proven frauds identified in the first three months of 2010.

As CIFAS has previously reported, the surge in identity frauds that make use of the victim’s current address details (which are therefore more sophisticated and difficult to detect) is a trend that has become more pronounced during the past 12 months. A 44.73% increase in identity frauds where the facility, product, policy or claim was granted (fraud was proved when it was too late, only after the facility had been offered,) is proof of this “sinister development””

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Goldman Sachs discloses 3.15% stake in Secure Trust Bank

Goldman Sachs has reported a 3.15% voting interest in Secure Trust Bank following a...

Market Harborough launches rental scheme offering deposit contributions to first-time buyers

Market Harborough Building Society is offering aspiring homeowners the chance to recover 60% of...

Tipton adds discounted rates for expat and limited company landlords

Tipton & Coseley Building Society has expanded its variable rate buy-to-let mortgage range with...

WIS Mortgages sets out five-year adviser growth strategy

WIS Mortgages has announced a five-year growth plan centred on expanding its adviser community...

Nivo targets specialist lenders with AI-powered case management service

Nivo has launched an AI case coordination platform aimed at helping specialist lenders process...

Latest publication

Other news

Goldman Sachs discloses 3.15% stake in Secure Trust Bank

Goldman Sachs has reported a 3.15% voting interest in Secure Trust Bank following a...

Market Harborough launches rental scheme offering deposit contributions to first-time buyers

Market Harborough Building Society is offering aspiring homeowners the chance to recover 60% of...

Tipton adds discounted rates for expat and limited company landlords

Tipton & Coseley Building Society has expanded its variable rate buy-to-let mortgage range with...