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ID fraudsters turn attention to the less wealthy
New research has found that fraudsters are targeting lower income victims living in rented accommodation where personal details are more vulnerable.
As people in rented accommodation tend to share hallways, they are susceptible to mail interception – a recognised identity fraud technique, according to the CreditExpert study .
Renters are also vulnerable because of their tendency to move more often than home owners and by not redirecting their mail they leave themselves exposed to the threat of previous address fraud.
According to the firm, the top three groups most likely to become victims of ID fraud in the UK live in rented houses and flats in and around cities. Of these, the group most at risk are young professionals renting property in London and Glasgow.
The second biggest target group for ID fraudsters are young, single people and home sharers working in service industries and living in flats rented predominantly from the council or housing associations.
According to home insurer LV=, nearly half a million victims of identity fraud have already been blacklisted by lenders as a result of the theft, making it much more difficult for them to secure credit.