Identity theft at epidemic levels, warns Cifas

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Identity theft at epidemic levels, warns Cifas

Identity theft is reaching “epidemic levels”, according to a fraud prevention group, with people in their 30s the most targeted group.

ID fraudsters obtain personal information before pretending to be that individual and apply for loans or store cards in their name.

A total of 89,000 cases were recorded in the first six months of the year by UK anti-fraud organisation Cifas.

That is a 5% rise on the same period last year and a new record high.

“We have seen identity fraud attempts increase year on year, now reaching epidemic levels, with identities being stolen at a rate of almost 500 a day,” said Simon Dukes, chief executive of Cifas.
“These frauds are taking place almost exclusively online. The vast amounts of personal data that is available either online or through data breaches is only making it easier for the fraudster.”

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