CIFAS – the UK's Fraud Prevention Service, in collaboration with a number of private and public sector bodies has released a report entitled Digital Thieves. Jennifer talks about account take-overs in the report.
Digital Thieves examines identity fraud (the use of a stolen or false identity to obtain goods or services by deception) with specific reference to how it is perpetrated by online criminals. Combining research, statistics, maps, prevention tips, case studies, and opinion pieces on how consumers and businesses are affected by the twin threats of identity fraud and account takeover fraud.
A copy of the report can be found by clicking here.
Key findings in Digital Thieves include:
- Nearly 80,000 instances of identity fraud were identified by CIFAS Members in the first 9 months of 2010 - an increase of 9.68% from the same period in 2009.
- Over 70,000 victims of impersonation have been recorded in the first 9 months of 2010 - an 18.38% rise from the same period in 2009.
- Account takeovers have remained at approximately the same level in the first three quarters of 2010 (over 16,000 recorded cases) - an increase of over 20% in the last 2 years.
- Plastic card and mobile phone accounts are the products of choice for fraudsters looking to hijack a victim's existing accounts.
- The South East London (SE), South West London (SW) and East London (E) postcode areas are the fraud hotspots nationwide while, outside London, Birmingham is the fraudsters' location of choice for both identity fraud and account takeover.