"'The Victims of Fraud Dossier is the first major project of its kind. We hope it will provide everyone concerned with a better understanding of identity fraud, the crime and its victims. The information willingly given to us by those people we have helped through our free Victims of Fraud service has enabled us paint a startling picture of identity fraud today.'

Experian's fraud prevention systems enable users to share data on fraudsters across different product types and industry sectors to help prevent fraud. The software automatically checks credit applications against previous applications, suspect information and Experian's extensive fraud databases to highlight inconsistencies that may indicate suspicious activity.

This ensures that, for each new application, previously fraudulent, suspect, declined or multiple applications can be identified, along with any adverse or previous address information that an applicant may be deliberately hiding so that adverse information at the missing address would not be connected to that applicant. The use of an alias or false names, false employment details and impersonation can also be matched and highlighted through Experian's systems.

Findings from the survey, which was undertaken in July 2006, are outlined in detail in the Experian Victims of Fraud Dossier.

Sourced From: IndusView