Banks hiding fraud say police - papers 5th Dec 2006

The paper says Metropolitan police officer, detective superintendent Russell Day, told a group of MPs investigating the fast-growing problem of identity theft, that banks were keeping quiet about attacks on their systems, either because of concerns over public confidence or because they lacked confidence in the ability of the police to deal with such crimes. One MP said the true cost of identity theft to the UK economy could be much greater than the official figure of £1.7bn a year. Giving evidence to the all-party parliamentary group on identity fraud, Day, from the Met's economic an...