Fraudsters shift focus to mortgages and auto market

News

LONDON - Analysis from financial information services provider Experian has shown fraudsters are moving on from credit card fraud and are targeting mortgages, insurance and the automotive market.

"The deeper this recession gets, the greater the threat of fraud," says Nick Mothershaw, director of fraud and identity solutions at Experian. "We are seeing big increases in mortgage fraud attempts as consumers who might have previously qualified for subprime finance falsify applications attempting to

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