UK fraud levels rise to new high

UK fraud levels rise to new high

bar-chart-data-web

Figures for 2012 from the UK non-profit anti-fraud organisation Cifas show another rise in fraud to the highest level ever recorded in the UK. 2012 saw 248,325 fraud cases recorded in the National Fraud Database, up 5% from the 2011 figure of 236,516.





















Almost half of the total was made up of identity fraud, which now represents 49.8% of the total. But the fastest growth was in facility takeover, such as the takeover of customer accounts – up 53% to 38,428 cases in 2012.


Cifas noted that these

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free registration? Click here

This address will be used to create your account

Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here