Fraud costs the UK £30 billion a year, with credit card fraud totalling £440.3 million in 2009.
Based on data including known fraud cases, house prices, the electoral roll, unemployment data and geo-demographic data, Callcredit has assessed the fraud status of these 121 localities that make up the UK.
The research highlights the scale of fraudulent activity across the UK. Last conducted in 2008, the study shows that Sunderland, previously ranked as the 15th most “at risk” area, has become significantly more exposed to fraud over the past two years. However, London has shown itself to be less at risk from ID fraud than two years ago with just three London districts making it into the top ten list, compared to eight districts in 2008.
John Cannon, head of product strategy, financial crime of www.callcreditcheck.com commented: “The research shows the extent to which all areas of the UK now find themselves exposed to fraud but what really stands out is how the levels of risk are constantly changing. It’s important to be aware of the risk and to do what you can to protect yourself from falling victim. By checking your credit report you can see if you’ve been a victim of fraud and take the necessary steps to minimise any further risk.”
Over half of the top ten cities on the list are based in the North including Manchester, Wolverhampton, Oldham and Middlesbrough, while the research found that those based in the South East, including Guildford, Kingston and St Albans, have been least affected by fraud.
The top ten cities most at risk of fraud were ranked as: Sunderland, East London, Liverpool, South East London, Manchester, Oldham, Middlesbrough, Uxbridge, North London and Wolverhampton.
