Cost estimated at over £1.7 billion
In 2006, the Home Office Identity Fraud Steering Committee (IFSC) estimated that the cost to the UK economy from identity fraud is over £1.7 billion.
The breakdown of the IFSC figures announced by Andy Burnham in February 2006 is shown the table here.
Immediately related elementsHow this works
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The ID System Debate »The ID System Debate
The case for introducing the proposed ID System »The case for introducing the proposed ID System
Existing ID methods have undesirable results »Existing ID methods have undesirable results
ID fraud impacts UK economy »ID fraud impacts UK economy
Cost estimated at over £1.7 billion
Estimates not clearly justified »Estimates not clearly justified
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