Our fraud analysis includes a detailed demographic overview of which segments are committing fraud and which groups they are falling foul of the criminals.
The snapshot hinges on Mosaic analysis, which offers a pin-sharp picture of today’s UK customer groups, reflecting the latest societal trends.
More than 850 million pieces of information are condensed using the latest analytical techniques to identify 15 summary groups and 66 detailed types that are easy to interpret and understand.
In April 2014, an updated set of classifications were unveiled to give our clients new and improved insights into emerging trends and behaviour, along with the capability to seamlessly understand key demographic segments across regional and digital locations.
To find out more about Mosaic, please click here.
It’s clear close to half of all first-party fraud (44.2%) is dominated by three demographic segments – the Urban Cohesion, Rental Hubs and Municipal Challenge groups.
Unsurprisingly, the wealthy and relatively cash-rich City Prosperity segment is the most at-risk demographic when it comes to ID theft. Fraudsters favour targeting current accounts, loans and cards, all of which could offer thieves a quick financial win.
But not so far behind are younger or less financially secure members of the Rental Hubs, Urban Cohesion and Municipal Challenge segments, highlighting how indiscriminate third-party fraud is with ID thieves willing to attempt fraud against any demographic group, irrespective of earning potential. Multi-occupancy properties and high-density living with their shared mailboxes and communal amenities clearly continue to provide opportunities for determined identity thieves.
To find out more, click here to read the Fraud Report 2015 in full.