Fraud In U.K. Jumps By 5 Percent In 2012

What's Next In Payments®
3:35 PM EDT January 18th, 2013

The overall level of fraud in the U.K. increased by 5 percent in 2012, according to a survey by CIFAS.

The survey notes that almost 250,000 confirmed fraud attacks have been ID’d in 2012 by CIFAS members, and over 150,000 cases have had an identifiable victim. It also found that half of all fraudulent actions identified in 2012 relate to impersonation or use of false identities.

Conversely, fraud attacks by genuine account holders have declined, notes The Paypers.

Read the full story here.

Comments
Also by This Author
What's Hot
News
UK Pharmacy Prepares For Pumped Up Volume
Mobile Commerce
Glitches At BBVA’s Simple Illustrate Digital Banking’s Difficulties
News
Apple Pay Accelerates Regulator’s Focus on Mobile Payments
International
Alibaba’s Price Range On The Rise Pre-IPO
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
FTC’s 5 Concerns About Mobile Financial Services
News
UK Pharmacy Prepares For Pumped Up Volume
Cool
U.S. Credit Card Debt Set To Reach Pre-Recession Levels
Hmmm
iPhone 6 : Americans Are Sold, Singaporeans On Hold
View All Articles ››