Business Fraud Increases by 14% in 2008

Business fraud for the past year increases by 14% based on claims filed at fraud prevention service Cifas.

Although these are claims that are known, reported and within their database. To be honest, every fraud we get on our website with a chargeback from Worldpay we never report to anyone as there isn’t one place where this should take place and neither are the police interested in online crime.

Although the fraud they report is not all about online crime but mostly where identities are stolen - so is a stolen credit card that’s used to purchase online items fraud? of course, but Cifas is reporting that asset finance, such as car purchases; communications, such as mobile phone contracts; and insurance fraud were all active in Lanarkshire and Coventry as well as London and the South East, and highlight East Ham as the hot spot for business fraud.

Leave a Comment