Today, Wednesday 15 March 2017, Cifas, the UK’s leading fraud prevention service, has released new figures showing that identity fraud has hit the highest levels ever recorded. A record 172,919 identity frauds were recorded in 2016 more than in any other previous year. Identity fraud now represents over half of all fraud recorded by the UK’s not-for-profit fraud data sharing organisation (53.3% of all frauds recorded to Cifas), of which 88% was perpetrated online.
The vast majority of identity fraud happens when a fraudster pretends to be an innocent individual to buy a product or take out a loan in their name. Often victims do not even realise that they have been targeted until a bill arrives for something they did not buy or they experience problems with their credit rating. To carry out this kind of fraud successfully, fraudsters need access to their victim’s personal information such as name, date of birth, address, their bank and who they hold accounts with. Fraudsters get hold of this in a variety of ways, from stealing mail through to hacking; obtaining data on the ‘dark web’; exploiting personal information on social media, or though ‘social engineering’ where innocent parties are persuaded to give up personal information to someone pretending to be from their bank, the police or a trusted retailer.
We have seen growing numbers of young people falling victim in recent years and this upward trend continued in 2016 with almost 25,000 victims under 30. In particular we saw a 34% increase in under 21s, and therefore Cifas is again calling for better education around fraud and financial crime and urging young people to be vigilant about protecting their personal data.
2016 also saw increases in victims aged over 40, with 1,869 more victims recorded by Cifas members.
Mike Haley, Deputy Chief Executive, Cifas said:
"These new figures show that identity fraud continues to be the number one fraud threat. With nine out of ten identity frauds committed online and with all age groups at risk, we are urging everyone to make it more difficult for fraudsters to abuse their identity. There are three simple steps that anyone can take to protect themselves: use strong passwords, download software updates when prompted on your devices; and avoid using public Wi-Fi for banking and online shopping.
“We all remember to protect our possessions through locking our house or flat or car but we don’t take the same care to protect our most important asset – our identities. We all need to take responsibility to secure our mail boxes, shred our important documents like bank statements and utility bills, and take sensible precautions online – otherwise we are making ourselves a target for the identity fraudster.”
Commander Chris Greany, National co-ordinator for economic crime said:
“With close to half of all crime now either fraud or cyber crime we all need to make sure we protect our identity. Identity fraud is the key to unlocking your valuables. Things like weak passwords or not updating your software are the same as leaving a window or door unlocked.”
Notes to Editors:
Table 1 - Year on year breakdown of UK total identity fraud figures
*Table 2 - Age breakdown of victims of impersonation
*Table 3 - Regional victim of impersonation figures
Yorkshire & the Humber
*Please note not all victims of impersonation are recorded with a valid UK address or date of birth, so not all cases can be attributed to a regional or age breakdown. Additionally, where the fraud involves the use of an entirely fictitious identity, no victim details are recorded.
Therefore if you are looking to use total UK figures please use the ones provided in table 1.
Our quarterly stats are also available through an interactive regional map on our website, figures are updated every quarter.
ACT FAST if you think you have been a victim of identity fraud
For more information, please contact:
T: +44 (0)20 3004 3609
Cifas aims to make the UK a safer place to do business, by enabling organisations in every sector to prevent fraud and protect the public through the sharing of confirmed fraud data.
Cifas is a not-for-profit organisation and has over 360 members spanning the public and private sectors. In 2015 alone, Cifas members prevented over £1.1 billion of avoidable fraud losses by using Cifas databases. Cifas also offers Protective Registration for individuals whose identities are at risk of being used fraudulently, for instance after a burglary.
In 2014, Cifas launched a scheme called Protecting the Vulnerable. This service is offered free of charge to local authorities to protect those under the care of Court Deputies who are unable to access financial products and whose identities may be at risk.
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