Kensington is ID fraud hotspotLondon commuter towns also high-risk areas

09 October 2007

 

People who live in the London borough of Kensington are almost five times more likely to become victims of identity fraud than those living in the rest of the UK, says a new report.

The research from credit checking firm Experian also found that people living around Clapham Junction face a similar level of threat.

London's commuter towns also feature among the riskiest areas - residents of St Albans, Guildford and Slough are more than twice as likely to fall victim as the UK average.

Present address fraud

The number of new victims contacting Experian’s fraud team was up by 68 per cent in the first six months of the year and present address fraud, which can involve the interception of mail, continues to be the most common identity fraud.

Offences involving the victim’s current address accounted for 39 per cent of frauds reported to Experian during the first half of 2007.

The company says that each fraud costs financial organisations an average of £680, with loan providers suffering the most financially.

Fraudulent loans

The average cost per case for fraudulently obtained loans is now £6,138, up from £4,797 in the second half of 2006.

Helen Lord, Fraud and Regulatory Compliance Director at Experian, said: ‘Although some people are more likely than others to become a victim, and consumers are more aware of the threat than ever before, everyone is a potential victim. The rate of identity fraud growth continues to be scary.’

To learn more about how your identity can be stolen and what you can do to avoid becoming a victim, read our identity fraud report.