Current Accounts Overtake Mortgages as Fraud of Choice

From the Guardian

Current accounts have become the most targeted financial product by fraudsters for the first time as increasing number of criminals seek to take advantage of a faster bank account switching process. 

At least 89 in every 10,000 applications for a current account are now made by an imposter compared to 77 in every 10,000 applications a year ago, according to credit reference agency Experian.

Read the full story.