CIFAS – impact of fraud on the UK economy for the year 2012

Latest press release on EU Gambling Regulations
April 15, 2016

CIFAS (Credit Industry Fraud Avoidance System) published their annual report last week, detailing an accurate breakdown of the impact of fraud on the UK economy for the year 2012:

Not only have the figures shown a marked increase in fraudulent activity from 2011, by around 5%, but more importantly that over 50% of all fraud committed was facilitated by false identities.

QGen continues to lead the field in identity verification, specialising in the prevention of fraud by offering expert advice and services to our clients to help them combat identity fraud and the extreme pressures this can put on businesses.

We have demonstrated to our clients over the years the ability to make considerable savings by spending a little extra on customer identity procedures in order to eradicate costly fraudulent activity at a later date.

Our clients are confident going about their daily business because they have done thorough customer due diligence utilising QGen services. By getting it right from the start, our clients can then reduce budgets for more expensive fraud monitoring software and associated operational costs.

Do you really Know Your Customer? WE DO.

Contact us now to find out how QGen can help you know your customers better: