CIFAS

(redirected from Credit Industry Fraud Avoidance System)
AcronymDefinition
CIFASCredit Industry Fraud Avoidance System (UK; historical acronym of CIFAS - The UK's Fraud Prevention Service )
CIFASCertified International Financial Accounting Specialist
CIFASCouncil of International Federation of Advanced Studies (Rome, Italy)
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References in periodicals archive ?
At this rate, the UK's banks avoidance bureau CIFAS (Credit Industry Fraud Avoidance System) claim that 'this type of fraud will become the most serious, with significant losses.
The Credit Industry Fraud Avoidance System (CIFAS) said in the past year conmen 10,000 people who had recently died.
The incidence of identity theft is rising at a rate of 60% a year, and an estimated 56,000 families across the UK have already been affected by it, according to a report from the fraud prevention service Cifas (Credit Industry Fraud Avoidance System).
Figures compiled by the Credit Industry Fraud Avoidance System (CIFAS) showed that identity and impersonation fraud increased by 40pc to 74,000 reported cases in 2002 and by 36pc to 101,000 cases in 2003, setting the cost of identity fraud on the British economy at pounds 1.3bn annually.
The Credit Industry Fraud Avoidance System said identity and impersonation fraud rose from 74,000 reported cases in 2002 to 101,000 in 2003.
The Credit Industry Fraud Avoidance System (CIFAS), the UK's fraud prevention service, says anyone can fall victim to it and, the better your credit rating, the more likely you are to be impersonated.
During 2002 the total number of identity fraud cases in the UK rose by 55pc to 42,029, collectively costing victims an estimated pounds 62.5m a year, according to the Credit Industry Fraud Avoidance System.
During 2002 the total number of identity fraud cases in the UK rose by 55 per cent to 42,029 and cost victims an estimated pounds 62.5 million, says the Credit Industry Fraud Avoidance System.
Mr Liddell said: 'The Credit Industry Fraud Avoidance System (CIFAS) has compiled statistics which demonstrate that the problem is growing at an alarming rate.
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