Growing threat of identity fraud

Link: Read our special report on fraud

This follows the high-profile case of Derek Bond, a Briton on holiday in South Africa, who was arrested and jailed for three weeks after a fugitive wanted by the FBI stole his identity.

Sean Holohan, of BDO Stoy Hayward’s forensic accounting department said this worrying trend could be seen in the cases he investigates, where six out of ten people show some degree of identity theft.

‘We have seen people claim to be directors of well-known companies, employees claim to have the rank of another to steel their authorisation powers and job applicants manufacturing references as if from bona fide companies and concealing unsavoury information,’ he said.

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