Identity fraud up by 27% in first quarter of 2015

New research published by Cifas (Credit Industry Fraud Avoidance System), the UK’s Fraud Prevention Service, has claimed that identity fraud was the main fraud threat in the first quarter of 2015, with 34,151 confirmed cases of identity fraud during this time period alone.

This signifies an increase of 27% when compared to the same period in 2014 and accounts for under a half (47%) of all frauds recorded in the first quarter.

Further analysis of the identity fraud recorded in the first three months of 2015 has revealed:

• The number of recorded victims of identity fraud increased by 31%, from 24,482 to 32,058.

• Credit cards (14,103 confirmed cases - 41% of all identity frauds) and bank accounts (9,349 cases - 27% of all identity frauds) are the identity criminals’ preferred targets.

• Over 80% of all identity fraud in the first quarter was attempted or perpetrated online.

• The average age for both male and female identity fraud victims is 46 years old.

• Those in the 21-30 age range continue to be increasingly targeted - 3,970 people in this age range were targeted by identity criminals (16% of all identity fraud victims): a 26% increase from 2014.

Jordans provide a fast, efficient and cost effective way of performing ID and Anti-Money Laundering checks on individuals.  Contact us today on 0117 918 1265 to request a demonstration of our services.


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