Interim fraud report 2014

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During the past 12 months, third-party fraud was found to be most prevalent across card, savings and loan applications. The general move to third-party fraud is in line with a return to pre-recession behaviour. As ID theft continues to rise, first-party fraud has fallen away. During the past 12 months, first-party fraud was found to be most prevalent across mortgage and automotive finance applications.

Despite an increase in the proportion of detected third-party fraud within the past year, the overall rate of detected fraud remained at a relatively consistent level during the first-half of 2014.

Experian's report sheds light on the changing face of fraud and the key trends.

Topics covered:
• Fraud by financial product.
• Mosaic analysis.
• Maps - where fraud is taking place.