Driving licenses – most faked documents used for digital wallets

Monday 28 June 2021 02:00 CET | News

Fake driving licences are the main source of digital wallet fraud attempts, as a study in UK shows.

Fourthline, the digital identity and verification player, has released findings from its Digital Identity Fraud Analysis Tool, which looked specifically at the different ways fraudsters have attempted to create digital wallet accounts in the UK. The UK Digital Wallet ID Fraud Pulse, analysed data over the period January 2021 to June 2021, to reveal criminals most used counterfeit driving licences when attempting to open a new digital wallet account. 

Some of the most important results of the study are the following:

  • Driving licenses are the most common counterfeited identity document used to open a fraudulent digital wallet in the UK (55.2% of all fraud attempts);

  • Greater London is the counterfeit ID hotspot for digital wallet opening attempts in the UK: 33.6% of all fraud attempts were recorded in Greater London, followed by 20.6% in Yorkshire and Humber;

  • Nine in ten fraudulent digital wallet opens have a male profile (89.1%);

  • The most common age profile of a fake digital wallet account opening is aged between 26 - 30 years old (27.7%) followed by age 22- 25 years old (18.5%); 

  • Criminals tend not to create older fake profiles – the least common age profile for a fake digital wallet account opening is aged between 56 - 60 years old (0%) followed by 61- 65 years old and 51-55 years old (both 1.8%).

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Keywords: study, digital identity, e-wallet, fraud detection
Categories: Fraud & Financial Crime
Countries: United Kingdom
This article is part of category

Fraud & Financial Crime

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