11% increase in fraud in 2010

A new report by Experian has shown that identity fraudsters are increasingly applying for loans and credit cards.

Key findings from the Experian report include:

  • A 25% increase in fraudulent current account applications – half of these down to identity fraudsters
  • 7 in every 10,000 loan applications were found to be fraudulent, with identity fraudsters responsible for 60% of these cases
  • Young single people living in shared and rented accommodation from all sections of society are amongst those most targeted
  • London remains the identity fraud capital of the UK, with residents Woolwich and East Ham recording the most incidents per head of population.

To read more on the report, visit the Experian website.

For more information, and assistance on how to protect yourself against fraud, contact any of the team at BGP.