ACCORDING to the Fraudscape Bulletin 2013, fake identity details and identity fraud now account for over half (52 per cent) of all fraud occurring in the UK, an increase on the last six months of 2012.
Based on the CIFAS National Fraud Database, the report compared the number of frauds that occurred in the first half of 2013 with those in the second half of 2012. Almost 114,000 confirmed frauds were recorded by the CIFAS- the UK fraud prevention trade association- in the first half of 2013, a slight decrease of 3 per cent.
However, two thirds of all frauds now relate directly to the abuse of personal details, with identity fraud accounting for 52 per cent and account takeover frauds for 14 per cent. Shredding company PHS Datashred believes that this highlights the importance of secure disposal of confidential information, particularly for UK businesses.