Wednesday, November 14, 2007

London Tops the UK League for ID Fraud, Reports Sky News

Source: Sky News

London - the UK's financial capital - is also the country's number one location for identity fraud, a study has revealed.

Figures showed 19 of the 20 postcode areas in Britain worst affected by the crime are inside the M25 - and the other one is just outside, in Maidenhead. CIFAS, an industry body that helps companies share information to fight fraud, compiled the list.

Its 270 members managed to foil attempts at fraud worth £741m over the nine months to October - but it is estimated that losses from stolen identities total nearly £2bn a year.

One of the fastest-growing areas of identity theft is called "current address fraud", which sees the victim scammed by someone living at the same address as them. The crook applies for and uses products in the name of the victim - who could be a next-door neighbour in their block of flats - and then intercepts their post.