This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Fraudsters steal bank details from dead

24 October 2005
Identity fraudsters have stolen the credit card, loan and bank details of up to 100,000 dead people in order to steal from their accounts, reports the Daily Mail.

Figures from CIFAS, the UK's fraud prevention service, found that fraudsters are increasingly targeting dead people to extort money from the accounts of the bereaved.

CIFAS chief executive Peter Hurst said that there were 15,000 cases of identity theft in 2004, a figure which could reach 100,000 this year.

He told the Daily Mail: "Impersonation of the dead is Britain's fastest growing identity theft crime.

"Thousands of families have experienced the pain of discovering their loved one has been impersonated after their death, to open accounts such as credit cards and loans."

He said that often the families of dead people are sent letters threatening legal action on accounts opened fraudulently in the name of their dead loved one.

Lloyds TSB launched a new PIN system last week to help protect its customers from fraud.

CIFAS recommends shredding documents containing bank account and PIN number before binning them to stop identity theft.

To read more about Banking News, click here.

track© Adfero Ltd