Wednesday, June 11, 2008

Identity theft has increased by 66 percent in 2007 in UK- report


A report says the number of UK citizens seeking help from credit reference agency Experian after facing identity theft has increased by 66 percent in 2007.

In 2007, over 6,000 victims requested help from Experian UK’s victims of fraud team, compared to over 3,500 in 2006. Londoners are most affected by ID fraud capital in the UK, with its residents being on average almost twice as likely to fall victim to ID fraud compared to people living in the rest of UK. London-suburbia Kesington is the UK Capital’s ID fraud hotspot, with its residents three-and-a-half times more likely to fall victim compared to the UK average.

Researchers say the typical ID fraud victim is aged between 26 and 45, has one of the highest incomes and is also a homeowner. The report reveals that people earning GBP 50,000 (USD 97,855) a year are almost three times more likely than the UK average to fall victim to ID fraudsters. The report also points out that people at company director level or contractors are the most at-risk, being almost three times more likely to fall victim than average persons.

Analysis of fraud first reported to Experian in the second half of 2007 reveals that forwarding address fraud continues to grow and is now the most commonly perpetrated method, representing 36 per cent of identity fraud.

The report is titled ‘The Experian Victims of Fraud Dossier’ and was produced by UK credit reference agency Experian. A copy can be obtained by going to the following link.

(Full text at www.Experian.co.uk)

I wouldn't be surprised if some of these victims aren't the government's fault. In November 2007, UK Prime Minister Gordon Brown apologized to the nation following the loss of two CDs containing the personal and financial details of 25 million people.

To learn more about Identity Theft and what to do if you are a victim, visit www.StopIdTheftCrime.com and subscribe to the newsletter to obtain your free 46 page eBook "Fighting Back Against Identity Theft".

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