Cookies at Which? We use cookies to help improve our sites. If you continue, we'll assume that you're happy to accept our cookies. Find out more about cookies

‘Alarming increase’ in cases of identity fraud

Experian reports 12% increase in ID theft
ID Fraud

Be on your guard against fraudsters 

There has been a significant increase in the number of fraudsters making applications for credit using other people’s identities since the start of 2009, according to a new report., the online credit monitoring and identity fraud protection service from Experian, says that there has been a 12% increase in identity fraud since January.

According to data from National Hunter, a fraud prevention database operated by Experian, the number of criminals using stolen details to apply for credit cards, loans, automotive finance and mortgages has risen steadily throughout 2009.

Identity theft on the increase

In the first three months of 2009, there were 11.91 cases of identity fraud per 10,000 credit applications. This increased to 12.72 cases per 10,000 applications between April and June.

In the third quarter of 2009, the number of identity fraud cases per 10,000 credit applications had risen to 13.37 – representing an increase of 12.3% since January.

Darryl Bowman, spokesperson for CreditExpert, said: ‘The surge in cases of identity fraud is very worrying. As we get wiser to protecting ourselves from fraud, it’s clear that criminals are working even harder to steal our personal details so they can apply for credit.

‘Missing post, unexpected phone calls and strange emails are all signs we look out for and know suggest potentially fraudulent activity.’

Protect yourself from identity fraud

Which? Money editor James Daley said: ‘Identity fraud is a growing problem, and many people worry about the safety of their finances – particularly if they are operating accounts online.

‘However, as is so often the case with money matters, knowledge is power. Following a few simple rules to keep your identity safe will reduce the likelihood that you’ll become a victim of fraud, as well as offer you valuable peace of mind.’

Check out the free Which? guides to protecting yourself from identity fraud and for more information on keeping yourself safe from credit crime. If you operate your current account online, make sure you find out how your bank’s security systems measure up in our online banking security review.

Regularly checking your credit report is also a key way to ensure you’re aware of any applications for loans or credit cards that are made in your name. You can find out how to do this in the Which? guide to checking your credit file.

pound coins

Which? Money when you need it

You can follow @WhichMoney on Twitter to keep up-to-date with our Best Rates and Recommended Provider product and service reviews.

Sign up for the latest money news, best rates and recommended providers in your newsletter every Friday.

Or for money-saving tips, and news of how what’s going on in the world of finance affects you, join Melanie Dowding and James Daley for the Which? Money weekly money podcast

For daily consumer news, subscribe to the Which? news RSS feed here. And to find out how we work for you on money issues, visit our personal finance campaigns pages.

Back to top