By Sandra Peaston Assistant Director, Insight, Cifas
With almost one in every two crimes a fraud or cybercrime* there has never been a more urgent time for organisations to be alert to both the external and internal fraud threat.
In this report, for the first time ever, we have brought together frauds recorded by Cifas members to the National Fraud Database and the Internal Fraud Database into a single document: making Fraudscape the only publication providing analysis of internal and external fraud trends in the UK.
In 2016, we saw a 1.2% increase in overall fraud recorded to our databases. Identity fraud reached the highest levels ever recorded with almost 173,000 cases reported by our member organisations. Fraudsters continued to focus on online applications, with 88% of identity frauds being internet-enabled.
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