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The first six months of this year have seen further rises in the number of cases of identity fraud, according to fraud prevention service Cifas.
A rise in the number of “super cases” has led to the value of alleged fraud breaking the £1bn barrier in 2016, which is apparently the first time since 2011 that fraud has reached this level.
There was a large increase in card fraud losses in the UK in 2015, according to new analysis by analytic software firm FICO.
Total losses as a result of financial fraud involving payment cards, remote banking and cheques amounted to £755 million in the UK in 2015, according to Financial Fraud Action (FFA) UK. This is an increase of 26% compared to the previous year.
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