Latest News

  • Identity fraud growing at an alarming rate

    The latest figures from Cifas reveal that identity fraud in the UK is now at its highest ever level, and shows no signs of reducing. There has been an eight per cent rise over the last 12 months with over 189,000 incidences reported. However, this figure is likely to be much higher since many cases go unreported and even undetected. Plastic card fraud was...
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  • Biometrics and the rise of ID fraud

    The use of biometrics as an authentication method for online payments is on the rise. A new study by Paysafe shows that over half of UK adults have used some form of biometrics to make a payment in the last 12 months. Biometrics allow a person to be identified and authenticated based on a set of recognisable and verifiable data such as facial recognition, speech recognition, eye scanning or fin...
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  • Company directors at risk of deceased identity fraud

    New research reveals that company directors in the UK are particularly vulnerable when it comes to identity fraud. This is because fraudsters can use the wealth of information published by Companies House to steal their identity and commit fraud. A staggering 10,000 complaints were made to the organisation last year about the lack of data security. ...
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  • Identity Theft as a Service (ITaaS)

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  • ID Fraud occurs every 15 seconds

    According to new research from Experian a new incident of financial fraud is reported every 15 seconds in the UK showing just how prevalent ID fraud is becoming. Third-party credit application fraud was found to be fastest growing form of fraud, where a fraudster makes an application using someone else’s personal details. This increased by almost a third (31 per cent) last year co...
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  • Why engendering customer trust is essential in the battle against identity fraud

    A new report by Experian which surveyed 10,000 consumers and more than 1,000 businesses across 21 countries, including the UK, reveals that building consumer trust is key in the current market as it outweighs the fear of identity fraud amongst customers. The study shows that identity fraud risk remains a constant and growing threat in to...
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  • Introducing the cyber funeral

    The funeral is as old as man itself. For instance, archaeologists have found the burial grounds of Neanderthals in Iraq dating back to 60,000 BC. Antlers were positioned on the bodies, along with remains of flowers indicating some type of ritual and the provision of votive offerings to the deceased. Fast forward 80,000 years and today it isn’t uncommon to...
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  • Renter fraud - how many tenants aren’t who they say they are?

    A fifth of the UK population now lives in privately rented accommodation, accounting for 4.7 million households. Renting is now at its highest level since records began, jumping eight per cent in the last decade. The average tenant now resides in a property for 20 months, which is down from the average two years of a decade ago. This means that that there are now more tenancy agreements b...
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  • Was the oldest human guilty of deceased identity fraud?

    An audacious identity fraud scandal has potentially been uncovered. The longest-lived human in history – French-woman Jeanne Calment, who lived until 122 years and 164 days until her death in 1997 – may not be who she said she was. A new research paper by Russian mathematician, Nikolay Zak, of the Moscow Society of Naturalists at the Moscow State University claims tha...
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  • Identity fraud takes 292 days to detect

    A new report from Experian reveals that its Victims of Fraud and Preventions Team recorded a leap of 13 per cent in identity impersonation last year and they predict that it is going to get worse in 2019. The same study revealed that on average it takes 292 days for victims of fraud to discover that their identity has been compromised. Often it is only discovered when...
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  • Motor finance fraud up almost 50 per cent in two years

    New figures show that over the past twenty four months there has been a sharp increase in motor finance fraud. According to industry specialists the concern for car dealers is that, unfortunately, this has vast potential to rise further as more consumers finance vehicles online and opt for PCP (personal contract purchase).  View more

  • A million reasons financial institutions need to wake up to ID fraud

    New research from the FCA reveals that 1.15 million potential new customers were turned away by financial institutions over the last 12 months due to the risk of financial crime. UK banks have also ended 375,000 relationships with existing customers over the same period for the same reasons. The report named the risk of identity theft and phishing as the most common f...
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  • Joint account deceased fraud is a growing problem

    New research from across the pond by Javelin Strategy and Research shows that identity fraud has risen by eight per cent over the past 12 months. One of the key findings is that fraudsters are becoming more sophisticated and creating new ways to steal the identity of people in order to fraudulently access funds. For instance a relatively new approach is ‘joint account...
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  • Is your business at risk from deceased identity fraudsters? You might be surprised!

    Anyone familiar with identity fraud will know that it is a problem that is on the rise. Latest figures from Cifas suggest that increasing numbers of people are having their identities stolen, often by professional gangs in order to procure fraudulent goods and services in their names. Deceased identity fraud is an offshoot of this and occurs when someone uses the personal information of s...
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  • Deceased identity fraud on the rise

    A new report by the AARP in the US reveals that nearly 800,000 deceased people have their identities stolen each year. That’s almost 2,200 every day. According to stats from The Center for Disease Control and Prevention 2,712, 630 Americans die every year equating to close to 7,500 each day. That means that one in three people in the US has their identity stolen ...
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  • How to tackle the rise of ghost patients

    According to a recent report by the Mail on Sunday a staggering 3.6 million patients who do not exist are registered with GPs' surgeries, equating to an enormous 5.5 per cent of the UK’s population. Despite a crackdown launched three years ago on so-called 'ghost patients', the numbers, according to the study, have risen at a ...
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  • Credit card fraud on the rise

    Between January and July this year, 33,305 people had their identity stolen by criminals who took out credit cards in their name, new figures from fraud-prevention organisation Cifas show. This type of fraud has increased by 12% since the same period in 2017, now accounting for 39% of all identity fraud cases.But in a twist not all of these incidences relate to pe...
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  • THE VALUE OF DECEASED DATA ON THE DARK WEB

    New research shows the value of deceased data outweighs that of credit card information when it comes to identity fraud. The study investigates the purchase of various forms of personal information available for sale on the dark web and the medical records of deceased patients were found to fetch the highest price than any other type of data.

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  • Uncancelled passports contributing to ID fraud

    Identifies are being stolen in the UK at a rate of around 500 per day. That equates to almost 200,000 instances each year costing businesses millions in fraudulent orders and applications for credit.This week Action Fraud warned that the number of uncancelled passports is significantly contributing to the problem. Research shows that ...
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  • Property hijacking and identity fraud

    They say selling or buying a house is one of the most stressful events in life. Well, imagine finding out that the house you have just bought isn’t legally yours, because the person selling it doesn’t actually own it and has disappeared with all your money. Sounds awful, doesn’t it?   Last week ...
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  • The rise of synthetic identity fraud

    Across the Pond a new form of fraud has come to the surface. It’s the fastest growing and hardest-to-detect form of identity theft according to the U.S federal trade Commission and last year it cost $800 million in credit card loses alone. Not to mention the mortgages, finance deals and loans that were fraudulently obtained. Unsurprisingly, therefore, scammers in the UK are picking up tip...
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  • LOCAL GOVERNMENT UNDER FIRE FOR CONTINUING TO PAY FOR DECEASED RESIDENTS

    Last week it was reported that following an audit Suffolk County Council was found to have paid £122,000 to residential care providers for people that had passed away and £8,500 worth of pension over-payments to deceased pensioners. Additionally, 3,671 concessionary travel passes and 289 blue badges were still in use despite the rightful owners having di...
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  • GDPR: Beware rise in ID fraud

    With less than a month to go until GDPR is introduced read about our new research concerning Article 17 and its potential to abet identity fraudsters that was covered by Decision Marketing: Companies are being warned to ensure they put in place strong measures to ensure that one of the key tenets of GDPR – the right to erasure – does not result in a huge uplift of identity fraud and spa...
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  • Encourage your customers to check for identity fraud

    New research shows that a significant proportion of personal information held by organisations could be incorrect as a result of identity fraud. For consumers this is a significant worry as it means that they could be victim to identity theft and as...
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  • Organised criminals stealing identities of dead people to get cheaper car insurance

    'Organised criminals and fraudsters are stealing the identities of dead people in order to get cheaper car insurance, it has emerged. Unscrupulous motorists with poor driving records are increasingly targeting the deceased, in order to take advantage of more attractive premiums...' To read the full article from The Telegraph please click View more

  • Previous occupier fraud spiraling out of control

    New research reveals that record numbers of home movers are falling victim to identity fraud. Over the last year, what is termed 'previous occupier' fraud, which occurs when the new residents of a house hijack the identities of previous occupiers in order to apply for credit and loans, has risen by a staggering 5.6 per cent.  However, it is likely that th...
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  • AML, KYC and Deceased Identity Fraud: Are you compliant?

    Research shows that over half of pension providers have not tested their internal fraud controls for more than a year which is in breach of regulatory guidance that calls for internal controls to be reviewed “at least on an annual basis". A number of banks and credit providers have also been found in breach of the legislation. However, on 26th June this year more...
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