Top three stolen documents used in identity fraud

CIFAS; the UK’s Fraud Prevention Survey has recently released its 2007 Fraud Trends report. The report shows an increase in most types of fraud, and gives some interesting facts, that many Fraud Prevention Professionals will be all too familiar with.

With identity fraud firmly fixed in the news agenda, the top 3 stolen documents used in identity fraud is likely to be of interest to both consumers and business.

The top 3 documents are:

1. Non UK Passports

2. Utility Bills

3. UK Passports

So how can organisations help to protect themselves against the threat of fraudulent applications using genuine documents, albeit in the wrong hands?

A multi-layered approach can help to detect and prevent stolen documents from being used to commit cases of fraud.

Documents should be checked for authenticity, and this can be carried out quickly and easily using a solution Such as Document-ID. As well as checking both UK and non UK passports, Document-ID can be used to check Drivers Licenses, Global Visas, National ID Documents and Social Fiscal Numbers to ensure you are able to check one or more supporting documents.

Once you have verified that a document is genuine, you can also run extra layers of identity verification which will include name, address and date of birth checks. In addition, for e-commerce operators global IP address verification can be implemented, as an extra layer of defense.  This multilayered approach can defend against forged documentation, and help protect against fraudsters in possession of stolen documents.

For more information on how Document-ID can help your organization,
please contact us here for a demonstration.

Download our Document-ID brochure.

You can read the CIFAS Fraud Trends for 2007 release here.