Fraud hits ‘generation rent’

Current accounts can be a ‘front door for fraudsters’, a credit checking company has warned. Experian’s new ID Fraud Tracker suggests current account fraud is now nearly triple what it was two years ago, while credit card fraud has more than doubled within the same period. In both cases, the increase has been driven by fraudsters using stolen personal details of genuine individuals to attempt to open current accounts or apply for credit cards.Nick Mothershaw at Experian said: &