Country Insights on Identity Fraud: UK's Battle in the Dark
In the UK, identity fraud is surging, costing businesses 22% of revenue as attackers exploit onboarding gaps.
This report is one of nine country deep-dives from The Battle in the Dark, Signicat’s study based on insights from 900 fraud and risk experts across Europe. Read how fraudsters exploit onboarding and technology gaps in a market facing rising attacks and a 22% revenue hit.
Download the UK identity fraud report to see how fraud could be hiding in your customer journey.
Download Insights on Identity Fraud in the UK
This report is for you if you...
-
Design or manage onboarding, KYC, risk, or fraud controls
-
Operate or want to operate in the UK, and need local fraud intelligence
-
Need regional data to justify investment in fraud prevention
What's inside UK's report
✔ UK's fraud trends: more identity-fraud attempts, with successful cases rising in step.
✔ Key fraud tactics: Document forgery, synthetic IDs, social engineering and more.
✔ Business impact: 22% of UK revenue, with technology more frequently targeted.
✔ Preparedness: Low tracking, high confidence and rising use of AI in defence.
✔ Strategic recommendations: Patchy measurement, high confidence, and AI on both sides.
A Glimpse at UK's Numbers
-
UK businesses saw an increase in identity-fraud attempts last year
-
UK companies say AI is used in most fraud against them
-
UK firms say their technology is the main fraud target
Explore other markets
Choose the markets most relevant to your business and access focused insights
-
MitID offers solid protection, yet document forgery at onboarding remains a key gap. Confidence is high, but financial impact is higher.
-
Finland faces the steepest rise in both attempted and successful fraud. Account takeover and social engineering are on the rise during transactions.
-
France combines strong onboarding with rising identity fraud shifting to login and transactions, while reporting the lowest revenue impact at 14%.
-
Even with strict compliance, fraud grows as social engineering and account takeover exploit human and process gaps.
-
Fraud attempts are rising in line with Europe, but many organisations are flying blind. With only 35% measuring fraud impact, success rates are climbing under the radar.
-
Strong digital identity (BankID) keeps attempts low, but targeted attacks are increasingly successful, especially at the transaction stage.
-
Diverse identity systems create gaps. Social engineering and account takeover dominate, particularly at login and payment points.
-
BankID secures onboarding, but fraud is shifting to document forgery, login and transaction stages, where overconfidence may hide new risks.