Fraud Reduction
Beating the fraudsters with electronic ID verification
In 2006 KPMG's annual Fraud Barometer reported that fraud in the UK was at a 10 year high with cases involving nearly £1 billion coming to court - but many more going unreported.
Behind many of these fraud cases lay the issue of identity fraud including:
- The Tunisian who took the identities of millionaire businessmen from magazine rich-lists to obtain credit cards in their names and rack up some £500,000 of spending in luxury hotels and stores around the world.
- Another serial conman tried to swindle Christie’s out of more than £1m worth of art by posing as a rich professor and attempting to get the pictures shipped to America.
- 12 imaginary children enabled one asylum seeker to fraudulently claim over £140,000 in benefits.
- A Somerset trader reclaimed nearly £1m in VAT for 425,000 non-existent sheep which he claimed to have bought from a dealer in Spain.
With GB Group's innovative ID3 technology, we can support businesses in the UK, and around the globe, to protect themselves agaisnt identity fraud. By providing screening against the industry's most comprehensive range of data sources ID3 solutions offer higher match rates and greater accuracy in detecting customers or employees who falsify their personal information or use forged documents.
View the products for Fraud Reduction