Identity theft is on the rise within the UK IT channel, KPMG's latest figures on fraud have warned, with it highlighting that it reached £1 billion last year, the highest since 1995.The figures, revealed today by the analyst's Forensic Fraud Barometer, show that although the total number of fraud cases that reached court fell to 197, down from the high of 277 in 2006, the value per case was increasing.
It also highlighted that identity scams were on the up with channel insiders warning resellers and distributors to maintain a close view on what is being ordered by who.
"In the channel there is not really a problem with credit or debit card fraud, it’s more the identity theft that is the problem," commented Eddie Pacey, director of credit at distributor Bell Micro.
"People are setting up customer accounts with resellers, ordering goods, receiving them and then disappearing without paying," he added.
Pacey suggested that they look with suspicion an order of laptops and hard drives when all previous orders have only been for security software as an example.
"Resellers need to become more wary and organised in their processes," warned Pacey. "Most orders are placed electronically or over the phone and are not checked twice."
Source: CRN
Advertisement
Related Stories
- VIP creates dedicated corporate reseller team Feb 13th 2012 at 11:07AM
- Distree 2012: A report from the ground Feb 8th 2012 at 5:34PM
- PCR RETAIL BOOT CAMP: Dedicated website now live! Feb 2nd 2012 at 11:42AM
- Austerity leads to fraud 'boom time' Jan 31st 2012 at 5:40AM
- Sennheiser partners with Midwich Jan 26th 2012 at 11:36AM
- Widget appointed Gemini Devices distributor Jan 26th 2012 at 11:32AM
- Interactive Ideas signs Bitdefender deal Jan 26th 2012 at 11:23AM
- Gem appoints Fox as IT director Jan 23rd 2012 at 1:30PM
- Tesco shares plummet after poor sales Jan 12th 2012 at 2:52PM
- Interactive Ideas offers best practice guides for selling online Jan 11th 2012 at 2:03PM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!