October 2019

The Office of National Statistics (ONS) latest Crime Survey for England and Wales (CSEW) indicated a continuing rise in fraud with the latest estimates showing a 15% increase, driven by a 17% rise in bank and credit account fraud. Josh Gunnell, Head of fraud & ID pre-sales at TransUnion in the UK, said “The latest ONS crime figures reveal an overall increase of 15 per cent in fraud offences in the last year, based on the Crime Survey for England and Wales (CSEW). With bank and credit card fraud the main driver of this increase – up 17 per cent to over 2.6 million offences – the figures highlight the major issues surrounding payments security, financial crime risk detection and authentication controls.”…

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