Identity fraud, with thieves taking credit card numbers from victims, is on the increase, financial information provider Experian said today.
Recent research from the company shows a 69 per cent year on year rise in identity fraud between 2004 and 2006.
Experian spokesperson Peter Brooker said that a new generation of fraudsters was taking the theft of credit card numbers as a mere starting point.
“One of things we are seeing is that there is an awful lot of current and previous address fraud”, he said. This occurs when “the fraudsters are actually, not just taking over people’s accounts or using various methods to get hold of people’s credit card numbers, but are actually taking their entire identity”.
Research from KPMG, out today, shows that overall rates of fraud are rising dramatically, valued at a total of £594 million in 107 cases coming to court already this year.
This beats the overall totals for the years 2000-04, combined, with KPMG terming the figures a “step change” in fraud rates.
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