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. Through Cifas, their members contributed over 325,000 cases of fraud to the national picture: the highest number ever recorded to CIFAS databases – the National Fraud Database and the Internal Fraud Database. 2016, 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 CIFAS member organisations. Fraudsters continued to focus on online applications, with 88% of identity frauds being internet-enabled.

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