UK FRAUD



We warmly welcome you to UK fraud - your one-stop shop for information and advice on all matters concerning fraud and identity theft.

We hope that you are visiting us not as a victim of fraud, but to broaden your knowledge on how to avoid becoming a victim of identity theft, credit card fraud, high yield investment fraud, internet fraud, internet auction fraud, ATM fraud, money transfer fraud, employee fraud, company fraud, 419 scams and lottery scams.

You will also find information on:

Buying and selling used vehicles – how to keep yourself and your money safe
Criminal cash back – how to avoid being caught up in money laundering when transferring funds
Insurance fraud and benefit fraud – what are companies and the authorities really doing to tackle fraudulent claims?
We have compiled a list of reputable and regulated Insurance companies for your convenience.
Fraud protection – All credit cards provide identity theft assistance – we have compiled a list of reputable and regulated Credit Card companies for your convenience.
Fraud protection software – looking for the most powerful anti-fraud tools available?

UK Fraud has compiled articles with useful links and relevant contacts, allowing you to continue with your research into fraud and identity theft as you wish. Whatever your needs, we endeavour to answer your questions and point you in the direction of practical help and assistance.

The Types Of Fraud We Feature


IDENTITY THEFT

It is difficult to pinpoint the extent of identity theft and identity fraud in the UK, however the latest figures from February 2006 estimate that identity theft fraud costs the UK economy £1.7 billion. However, with the rise of identity theft crime, there is also a steady increase in identity theft protection, such as recommended identity theft software and identity theft protection services.

 

INTERNET FRAUD

Phishing is the act of sending an email to a potential victim while falsely claiming to be an established enterprise, such as a bank. The aim of sending this email is to attempt to scam the individual into giving private information that will be used for identity theft. The email will direct the individual to a website where they will be asked to update personal information, such as passwords, national insurance numbers and bank details. These emails often state that it is necessary for the individual to provide the information requested to prevent the account from being suspended. This email will be sent to a large number of people, seeking out account holders who will identify with the content of the email and therefore fall for the scam and submit their details. With this personal information the fraudster can do a number of things, such as stealing the identity of the person who provided the information, and attacking that persons bank account.

5% of recipients respond to spam emails, and as a result of this response, providing their personal details, a new identity is created and fraudulent acts are committed on that new identity.

 

CREDIT CARD FRAUD

Credit card and debit card fraud is increasing rapidly.

Keep your cards safe.
Never keep your PIN and your credit card or debit card together – this would be a pick-pocket’s dream come true!

 

HIGH YIELD INVESTMENT FRAUD

This type of fraud is known as either high yield Investment fraud, prime bank fraud or advanced fee fraud. There are a many schemes and scams with tempting proposals, purely designed to seduce victims to part with their money. It is impossible to describe how each investment fraud works, as each individual case is governed entirely by the scope and depth of the fraudsters’ imagination!

 

IDENTITY AUCTION FRAUD

By using an internet auction site you are making yourself available to internet fraudsters – sadly, that is just the way of life now as internet auction fraud becomes more and more prevalent. Not only are you at risk of buying fake or stolen goods, you may be defrauded of your money without ever even receiving those goods. Criminals who make a living from internet auction fraud like to use money transfer service providers such as Western Union, because it has been relatively easy to obtain cash without revealing their true identity or intentions.

 

ATM FRAUD

ATM fraud is not actually a type of fraud, however it describes where the fraud actyally takes place, for example, the location at which the victim withdrew their cash at an ATM (Automated Telling Machine) and had their account accessed and defrauded. Although ATM scams have increased significantly in the UK in the last five years, it accounts for less than ten per cent of the types of credit card fraud and debit card fraud. Card skimming at ATMs is a growing trend.

 

MONEY TRANSFER FRAUD

Money transfer services are often the preferred method used to obtain cash by a variety of fraudsters. Money transfer services, such as Western Union, allow individuals to send cash quickly, easily and reliably, allowing criminals to obtain cash from online auction site frauds, lottery scams, 419 frauds and criminal cashback.

When money transfer services are being used in connection with criminal activity the recovery of any cash sent is extremely difficult. Individuals do have to produce identification when collecting cash, however, the documents produced by these fraudsters are often very sophisticated.

 

419 FRAUD / ADVANCE FEE FRAUD

419 fraud is a popular internet fraud with the West African organised criminal networks. It is called “419” after the relevant section of the Nigerian Criminal Code. There is an endless number of schemes and scams, some of which venture into credit card fraud and identity theft. Victims are contacted by mail, fax or telephoned with promises that persuade them to part with their money. In every instance, the victims are asked to help move large sums of money with the promise of a substantial share of the cash in return.

 

LOTTO FRAUD / LOTTERY FRAUD

One of the ever increasing frauds in the UK is Lotto frauds, this type of fraud will entice the potential victim into the fraud with the promise of huge amounts of cash. This will take the form of an unsolicited email or letter. Usually the email or letter will mention an overseas lottery and will also say that the victim has been allocated some random numbers that happen to be the winning numbers..

 

BUSINESS FRAUD / COMPANY FRAUD

The companies and business affected by company fraud tend not to be the multi nationals or household names, more so mid tier businesses, and the perpetrators are extremely well organised with their knowledge of the targeted companies. A sophisticated approach in defrauding a company will involve providing documents and references from accountants and solicitors. Numerous addresses will be used, especially for the delivery of goods, which makes the recovery of delivered goods or the intervention of the police all the more difficult.

 

EMPLOYEE FRAUD

Various studies have claimed that employees pose one of the major threats in fraud through their activities in their workplace. Although it can be very difficult to evaluate the loss associated with employee fraud, obviously any fraudulent activity carried out by employees can be very damaging. There are a number of ways employee fraud can be committed.

 

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