Three-quarters of consumer credit application fraud involves people lying in their applications by falsifying personal details, failing to disclose existing debt or fabricating an identity.According to the latest Veda Cyber Fraud Report credit application, fraud rose 13 per cent in the 2014/15 financial year. Falsifying personal details accounted for 58 per cent of fraud, failure to disclose debt accounted for nine per cent and fabricated identity eight per cent.The other major category - identity theft - accounted for 22 per cent of credit application fraud.Veda did not disclose the actual proportion of credit applications that were fraudulent but Veda head of cybercrime Fiona Long said it was "substantial".Identity theft was the fastest growing area of fraud, rising 17 per cent in 2014/15.Long said this increase was linked to greater use of online commerce and social media."There is more information about people online. This has created a world of opportunity for cybercriminals," Long said."Almost one third of Australians publish their full birth date on social networking sites, which is a key piece of personal information used to verify someone's identity."One in four Australians claimed to have been a victim of some kind of identity theft or fraud.