ID fraud is on the rise in UK; those in the capital still most at risk
LONDON – Identity fraud is rising. According to a new report from global information solutions provider Experian, there was a 70% increase in the number of reported cases of identity fraud in the second half of 2006, compared with the same period in 2005.
Experian attributes some of the dramatic increase to organised criminal gangs operating global identity-fraud rings. And they appear to be getting more sophisticated. The report shows that for the first time, fraudsters are now more likely to target a victim using their present home address, rather than a previous address. Present-address fraud requires sophisticated methods involving mail interception or redirection. This type of identity fraud accounted for 45% of all cases reported to
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