Read the report by visiting www.fraudscape.co.uk.
Cifas member organisations recorded over 409,000 instances of fraudulent conduct on our databases in 2022.
Our Intelligence team, led by Amber Burridge are delighted to bring you this year’s edition of Fraudscape, which is key to understanding the challenges and threats we face as a community, and which areas we need to focus on to fight fraud together.
This report combines data from our National Fraud Database (NFD) and Internal Fraud Database (IFD), alongside intelligence provided by Cifas members, partners and law enforcement. In 2022, Cifas members saved over £1.3bn through prevented fraud losses, but we can prevent and detect even more fraud through better understanding of the key fraud threats and enablers, which is the purpose of this report.
Fraud is ever evolving, and criminals continue to collaborate. As a community, we must do the same.
Key findings in this year’s Fraudscape include:
- 2022 saw over 409,000 cases of fraudulent conduct recorded to the National Fraud Database (NFD).
- The highest ever volume of identity fraud cases was recorded in 2022 – over 277,000 cases.
- Misuse of facility is the second highest recorded case type, with over 70,000 cases.
- 68% of misuse of facility cases on bank accounts have intelligence indicative of money mule activity.
- False application increased by 40% compared to 2021, with nearly 24,000 cases.
- Levels of facility takeover are similar to 2021, with over 37,000 cases recorded.
- 294 individuals were recorded to the IFD, an increase of 9% on 2021.