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Quarter of Brits affected by credit card identity fraud
Jan 30 2009, 09:49 AM
A study conducted by life assistance company CPP has found that more than a quarter of the UK population was affected by credit card identity fraud in 2008.
The research, which was published on January 28th, shows that 26% of people have had their credit card account accessed and funds fraudulently obtained.
Online identity fraud was the method used upon four out of ten victims and a fifth had their card cloned. The remainder had their card used after it had been stolen or lost.
The average amount of money stolen was £650 and London had the highest incidence of identity fraud in the UK.
Kerry D'Souza from CPP commented: "The dramatic increase in card fraud shows no sign of abating, which isn't surprising given the desperate measures some people will resort to during the recession."
She added that identity fraudsters were becoming very skilful and clever in their online scams.
CPP is a Financial Services Authority-regulated company that works with individuals and businesses to provide card, phone and identity life assistance solutions.
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