UK The Next Hub Of Id Frauds

Britain's capital London is the hub of the growing ID theft market, as notified by a recent report. UK has witnessed proliferating cybercrime, and according to the credit bureau Experian, in 2006 there's been a "spectacular growth ".

Central London has been labeled as UK's favorite identity theft hub, though St Albans, Woking and Slough are also regarded as UK's leading 10, beyond London.

Experian disclosed that majority of the identity frauds go unreported. Their report also cautioned that several very hi-tech cybercriminal groups are currently operational in London, aiming rich people in chosen areas.

In spite of growing public knowledge about the ID theft threat, the report discovered that majority of targets are still attacked by impostors. Nearly 50% of ID theft targets that communicated Experian in the preceding year realized they had been victimized only when informed by a financial organization while requesting for loans or finance for a vital new acquisition, as per Money.uk.msn's April 13, 2007 issue.

London is still the identity theft capital of UK, with 25 leading endangered regions situated inside the M25. Victoria Street in Westminster where DTI offices and several leading brand stores are situated - has surpassed Kensington as the riskiest locale in Britain, with inhabitants being more liable to be victimized.

"Con professionals at Experian attribute rising cases of identity thefts in Victoria Street, Chelsea and Kensington to the countless identity thieves operating in these regions, and with inhabitants of those localities using swanky eateries, clubs and other locations standing greater chances of being targeted by frauds" reveals the Experian study issued by Business.guardian on April 12, 2007.

Experian stated that between July and December last year, 2,124 people availed its facility for first-time targets of fraudulence, up 69% on the latter half of 2005.Targets informing about cases of identity theft in the later half of 2006 rose by nearly 70% compared to similar phase last year, as per latest information, as released on April 12, 2007 by Stalbansobserver .

The increase concurred with a climb in structured hackers' mobs controlling the worldwide identity theft gangs, the information services company alleged.

Related article: US Passes Baton to Asia in Spam Relay

» SPAMfighter News - 4/26/2007