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
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The case for introducing the proposed ID System »The case for introducing the proposed ID System
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Existing ID methods have undesirable results »Existing ID methods have undesirable results
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ID fraud impacts UK economy »ID fraud impacts UK economy
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Cost estimated at over £1.7 billion
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Estimates not clearly justified »Estimates not clearly justified
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