Santa Gets Scammed

You can never be too careful at Christmas

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Identity fraud set to peak during Christmas shopping season

Experian technology prevented more than £1.9 billion of fraudulent transactions in the last year, identifying a fraud every minute of every day.

As the festive season fast approaches, we get excited by the social gatherings, get togethers and gift giving. But it’s key to remember to be cautious and careful with personal information, especially online. Businesses need to be able to identify who they are doing business with and consumers need to know the businesses they are interacting with online are real, safe and secure.

Identity fraud rose by more than a fifth this year, amid warnings that fraudulent activity is set to peak over the Christmas shopping period.

Identity fraud rose by more than a fifth

Identity fraud rose by 22% in 2023, when compared to 2022, with the trend expected to be at its peak over November and December

Credit card fraud 43% higher

Last year, the fraud rate for credit card fraud was 43% higher in November, compared to the monthly average rate

Identifying fraud every minute of every day

Experian technology prevented more than £1.9 billion of fraudulent transactions in the last year, identifying a fraud every minute of every day

Better public awareness of scams and new technology being deployed by businesses across multiple sectors means criminals are facing new challenges. However, fraudsters are always looking at new ways to exploit people’s information. The fraud epidemic is a constantly, evolving battle, so there is no room for complacency when it comes to fraud prevention.

Eduardo Castro, Managing Director, Identity and Fraud, Experian UK&I

Experian can help your business protect against fraud.

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The World's Most Impersonated Man

In 2022, we introduced you to The World's Most Impersonated Man, Santa.

Identity fraud rose by more than a fifth in 2022, with peak shopping season still to come. It is vital businesses can identify and know who they are doing business with.