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| Every UK household subsidises fraudsters annually by an estimated £1800 | |
| Fraud is the largest cause of revenue loss for financial services companies |
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UK research into Fraud reveals that:
- As many as 10% of drivers lie when making car insurance applications 1
- There are at least 80 million active National Insurance numbers in the UK but only 60 million people 2
- Up to 25% of applications for financial services are likely to contain manipulated data 3
- 25% of job applications contain misleading information 4
2 CIFAS (2005) http://www.cifas.org.uk
3 MCL (2005) Application fraud prevention solutions
4 BBC News (2005) The CV Detectives, 22 nd August