UK Identity Fraud Hits Record High with 421,000 Cases in 2024, Sim-Swap Attacks Surge 1,055%

Does strengthened identity authentication always impede good customer experience? - CybersecAsia

Respondents of one survey in 2024 had indicated such concerns, unless their digital transformation maturity had imbibed low-friction identity verification processes. Based on a quantitative Nov–Dec 2024 survey of 1,413 decision makers* in eight markets^, a software firm that produces document signing and verification products has shared some findings about identity verification trends. First, 69% of all respondents cited having experienced an in…

UK Identity Fraud Hits Record High with 421,000 Cases in 2024, Sim-Swap Attacks Surge 1,055%

Identity fraud in the United Kingdom reached unprecedented levels in 2024, with over 421,000 cases recorded in the National Fraud Database, representing a 13 percent increase from the previous year according to Cifas, the UK’s leading fraud prevention service. The surge occurs amid broader global challenges in digital identity protection and authentication. Identity fraud emerged as the dominant type of fraud, comprising 59 percent of all Nation…