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

What's Next In Payments®
3:35 PM EST 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.

Also by This Author
What's Hot
CFPB Goes After Mandatory Credit Card Arbitration
Million-Dollar Hospital Cyberattack Sparks BOA Lawsuit
How Many Smartphones Did It Take Apple To Outpace Samsung?
Can Fire Sale Of Fab.Com Ignite The Site?
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Merchant Innovation
Citi And MasterCard Sign New Ten Year Deal
B2B Payments
Why Wearable Tech May See More Success in B2B
B2B Payments
Merkle Launches Its Data Service For Businesses
B2B Payments
Australia’s Woolworths Chooses Supply Chain Management Platform
View All Articles ››