New statistics from fraud prevention organisation CIFAS has found that the overall number of recorded cases of Identity Fraud in the UK in 2016 were almost 173,000, an all-time high level and a 59% increase on the figures just three years earlier.
What’s more, almost 25,000 victims of fraud were aged under 30, and the number of under-21s affected was up by a third.
Did you know that almost nine out of ten (88%) identity frauds are now committed online? With so much personal data on the internet, we are all potentially vulnerable to hacking or phishing. Your full name, date of birth, current address and national insurance number, and the passwords and PINs to your bank accounts are among the things fraudsters are hoping to get hold of.
Once identity fraudsters have enough of your personal details, they can apply for credit in your name and run up debts without you knowing. In fact, you’re 17 times more likely to suffer a case of fraud than a robbery.*