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Experian comments on Financial Fraud Action UK’s latest figures PDF Print E-mail
Monday, 22 June 2015

Nick Mothershaw, Director of Fraud and Identity at Experian, comments on Financial Fraud Action UK’s latest figures:

“The FFA UK’s latest figures highlight how significant the problem of fraud is, and the need for people to remain vigilant.  Our data also shows a substantial rise of identity theft over the past year with current accounts being the fastest growing targets for identity thieves – a growth that has coincided with the seven day current account switching launch.  They offer thieves long terms gains with the opportunity to develop and create mule accounts to launder funds.  They also offer a springboard into related high value financial products including mortgages and car loans.  

“Our own work with victims of fraud has shown a 15 per cent increase in cases of suspected fraud so far this year, compared to last year.  The most notable increase has been among those aged 18 to 30 years old.  Our Victims of Fraud team has experienced a 25 per cent increase in the number of cases handled in these age groups.”

(Source - Experian Comment)  


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