News In Focus
Identity fraud on the rise
Instances of identity theft in the UK rose by 14% during the first half of 2010, compared to the same period in 2009, according to “alarming” new figures from fraud prevention service CIFAS.
The report finds that, although public awareness and fear of the problem is now greater than at any time in the past, this is not translating into individuals’ ability to protect their identities from abuse.
However, the overall level of fraud recorded by CIFAS Members decreased by a little over 3% during the first six months of 2010.
CIFAS communications manager, Richard Hurley explained: “The past few years have seen the UK enter a period of recession and begin a slow climb out of it. Over this same period, there have been changes in the overall patterns of the fraudulent activity taking place: from a peak in the levels of application fraud, followed by a phenomenal surge in facility takeover fraud and the re-emergence of identity fraud.
“With the first real signs of economic recovery beginning to be reported, there is every reason to assume that fraudsters will be taking notice and redoubling their efforts to take advantage.”