Fraudsters 'attacking people's bank accounts'
03 March 2010 16:53:39
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| Bank accounts have become a key target for fraudsters. |
Neil Munroe, external affairs director for Equifax, said that there was a general move away from 'application fraud' to 'identity fraud' in 2009, probably because of the reduced availability of credit.
"More and more ... fraudsters will be targeting account takeover," he confirmed.
"What they're doing is looking to get details from you and I, to get into the existing accounts rather than using our details to set up new accounts," Mr Munroe explained.
The expert claimed that some consumers put themselves at unnecessary risk by failing to heed warnings about the need to protect personal information.
He expressed hope that the latest fraud figures from CIFAS will make people "a little more circumspect" about the way in which they handle their sensitive details.
The report revealed that there were 80,105 cases of bank account fraud in 2009, compared with 72,988 the previous year.
Commenting on the finding, Which? Money editor James Daley said that people should keep a "constant eye" on their bank statements and shred all personal documents before throwing them away.
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