Brits more at risk of identity fraud than the rest of Europe

UK consumers are more likely to be the victims of identity fraud then citizens of other European countries according to new research from a survey commissioned by Fellowes, the office products firm. The survey polled almost 5,500 adults and discovered that one out of every four was the victim of identity fraud.

About 75% of the population in Europe has also been exposed to identity fraud in one way or another. This is due to the fact that they either know someone that has been affected by fraud or have been affected by fraud themselves.

One of the most common scams is a fake phishing email that is sent out supposedly from a person’s bank requesting that the customer return the email with their own personal information in order to update their security details. Of course, once they get the personal details they then sell them to fraudsters or use the details to steal identities.

According to research, the incidence rate within the UK for this type of phishing scam is 52% compared to the much lower European rate of 31%. In addition, the research shows that one out of every ten Britons has also been the target of scams that requested information be sent back through the post.

External affairs director for Equifax, Neil Munroe, stated that people are starting to use computers for socializing with their friends and also for shopping and as a result people are getting more post then they did before. Therefore, it leaves everyone open to more ID fraud risks if they do not take the proper precautions to protect themselves.

Unfortunately, findings also reveal that about 50% of the people in the UK do not actually take these recommended precautions such as shredding any documents that contain personal details on them.