CIFASRSS

Account misuse drives rise in UK fraud levels

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Bank account fraud in the UK increased 48% in the first four months of this year, with a 57% rise in the number of identity frauds compared to the same period last year.

Cards top target list for fraudsters

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Credit and store cards have returned to the top of the list of fraud targets, with a 28% increase in the first four months of the year – at a time when overall fraud levels fell by 16.5%.

ID theft drives fraud to new levels in UK

Fcility takeover accounts for 65% of all ID fraud

Identity theft soared during 2012, accounting for half of all financial fraud in the UK. This drove the level of account takeover frauds up by 53% during the year, according to CIFAS, the UK Fraud Prevention Service.

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