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Fraud Soars in Britain with High-Tech Help

More than $2 billion of fraud was committed in Britain in 2007. ID theft and value added tax scams by organized gangs made up 90%

Fraud in the UK hit a 12-year high last year as criminals increasingly turned to technology.

The UK suffered more than £1bn of fraud in 2007, 90 per cent of which was perpetrated by organised gangs carrying out ID theft and VAT scams, according to the KPMG Forensic Fraud Barometer.