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UK Finance’s latest Annual Fraud Report exposes £1.2billion stolen via financial fraud in 2022. While efforts to prevent scams have led to a decline, industry leaders stress the need for continued vigilance and collaborative action.
https://thefintechtimes.com/collaborative-action-to-combat-scams-1-2billion-stolen-uk-finance/
The UK has much further to go in its campaign against fraud as the latest figures show that over £1.2bn was stolen in 2022.
https://www.cityam.com/fraudsters-stole-1-2bn-in-2022-as-uk-labelled-fraud-capital-of-the-world/
Reported employee fraud in the West Midlands hit almost £7.8 million in 2022.
New figures suggest the West Midlands is a hotbed of employee fraud.
Business advisors RSM used a Freedom of Interest request to get figures for white collar crime committed by UK workers.
https://www.business-live.co.uk/enterprise/west-midlands-hot-spot-employee-26717476
According to data presented by Atlas VPN, United Kingdom residents lost a shocking £3.9 billion to fraudsters in the last 12 months, which averages out to about £10.7 million per day. During this period, there were 345,228 reported fraud cases.
https://londonlovesbusiness.com/brits-lost-almost-4-billion-to-fraud-in-the-last-12-months/
In what will not be viewed as the most welcome of statistics, the total value of UK fraud appears to have risen to its pre-pandemic level.
https://www.rahmanravelli.co.uk/articles/uk-fraud-levels//
Financial institutions and consumers need to be vigilant as the latest report from NICE Actimize reveals that attempted fraud transactions increased by a whopping 92 per cent in 2022 compared to the previous year.
https://thefintechtimes.com/nice-actimize-report-reveals-soaring-fraud-2022/
Over the past 12 months, the total number of fraud reports made to Action Fraud, Cifas, and UK Finance rose by 6.49%, resulting in an increase in loss of £20 million.
https://internetretailing.net/customer/online-shopping-and-auctions-attract-record-number-of-fraud-reports/
In past four years, those aged 65 and over have lost £1.7 billion to scammers
Elderly fraud has jumped from 36,105 cases in 2019 to 57,430 cases in 2022
Losses reached a new high last year with pensioners losing nearly £460 million
The total value of alleged fraud cases heard in Crown Courts across the Midlands in 2022 rose to £143.6m across 31 cases, compared with £59m across 46 cases for the same period in 2021, according to latest figures.
https://www.thebusinessdesk.com/eastmidlands/news/2068681-fraudsters-targeting-higher-value-midlands-assets#.Y_N9dO_L4A0.twitter
The number of fraud cases over £100,000 being heard in Scottish courts rose significantly last year, according to KPMG UK’s latest bi-annual Fraud Barometer.
https://www.scottishlegal.com/articles/kpmg-scottish-fraud-skyrockets-in-2022
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