Bank accounts and credit cards are the main targets for fraudsters |
Fraud cases climbed by 14% in the UK in the first half of 2008 compared with a year ago, according to fraud prevention service Cifas.
It said there were 104,548 confirmed frauds filed to its database from January to July, with hotspots in London and the south-east of England.
Bank accounts and credit cards remain the main targets for fraudsters, followed by loans and phone deals.
East Ham in London topped the list of areas with the most prevalent cases.
The group said that con-artists thought they could work anonymously in cities owing to the population density.
"London is a city of stark contrast where extraordinarily wealthy and socially disadvantaged people often live in close proximity," said Cifas research manager Sandra Peaston.
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Top ten fraud areas by postcode
E6: East Ham
CR0: Croydon
SE15: Peckham
SE18: Plumstead
E17: Walthamstow
IG11: Barking
NW10: Willesden
SE28: Thamesmead
E7: Forest Gate
N17: Tottenham |
"This can both provoke and help to facilitate fraudulent behaviour."
Asset finance, such as car purchases; communications, such as mobile phone contracts; and insurance fraud were all active in Lanarkshire and Coventry as well as London and the South East, according to Cifas.
The most commonly appearing postal districts when looking at all types of fraud were East Ham, Croydon, Peckham, Plumstead, Walthamstow, Barking, Willesden, Thamesmead, Forest Gate and Tottenham.
Kate Beddington-Brown, of Cifas, said that those engaged in mortgage fraud had gravitated to London owing to its high property prices.
"Add to this the growing financial hardship caused by the credit crunch and you have a dangerous and potent mix," she added.
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