Current accounts overtake mortgages as fraud of choice

Current accounts have become the most targeted financial product by fraudsters for the first time as increasing number of criminals seek to take advantage of a faster bank account switching process.

The rise has been driven by a massive increase in identity fraud. In the first quarter of 2015 almost half of all current account fraud was attempted by people who had stolen an identity, compared to less than a third at the start of 2014.

Full Story – The Guardian