Fraud continues year-on-year rise, Cifas finds

Industry News | 18/06/19

The overall level of fraud in the UK rose for a second year, according to figures from Cifas, the country’s fraud prevention service. Its report, Fraudscape, identified a six percent rise based on a sample of 323,660 cases of fraudulent conduct recorded in 2018 across more than 470 organisations.

Identity fraud significantly increased in 2018, with 189,108 cases recorded – an eight percent increase on 2017’s figures. Plastic cards were hit the hardest with 82,608 reports of fraud, up 41 percent from 2017.

Source: Credit Strategy