Cifas member organisations recorded 305,564 instances of fraudulent conduct on its databases in 2017.
The fraud prevention organisation has analysed the data from those filings to produce a comprehensive picture of internal and external fraud trends in the UK – their annual report Fraudscape.
The key findings in the latest edition of the report include:
• The highest number of identity frauds ever recorded by Cifas members – 174,523 cases in 2017;
• Young people are the most at risk of acting as ‘money mules’ – there was a 27% increase in 14- to 24-year-olds carrying out money mule activity;
• More than a third of bank account takeover victims are over 60.
Fraudscape remains the only publication of its kind, providing analysis of the UK’s fraud trends to financial crime professionals, law enforcement, journalists, HR professionals, and students.