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Commercial Credit News
|Young renters proving prime targets for identity thieves|
|Tuesday, 05 May 2015|
Young, single renters continue to be the most targeted demographic for identity thieves. The news follows the latest UK-wide fraud analysis from Experian, which shows that identity theft has become the most prevalent form of fraud for the first time since the recession.
Young renters were serially targeted by identity thieves with over one in six cases of third party fraud involving this particular demographic. The rise of identity fraud in financial product applications has been spearheaded by a significant increase in current account fraud as identity thieves look to test the robustness of security guarding the seven day switching scheme.
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