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Fraudsters conned more than £4.7 million out of people in Shropshire and the wider West Mercia area in just three months.
https://www.shropshirestar.com/news/local-hubs/shrewsbury/2021/10/21/fraudsters-con-victims-out-of-94-million-in-the-region/
Financial fraud rose by 30 per cent in the first half of 2021 resulting in losses of over £750m, according to the latest fraud report by banking trade body UK Finance, published this morning.
https://www.cityam.com/rising-uk-fraud-levels-branded-a-national-threat-by-banks/
Financial crime, fraud and hacking soared during the pandemic as criminals took advantage of behavioural changes during three strict lockdowns. In fact, fraud and cybercrime jumped by nearly a third in the last twelve months.
https://www.cityam.com/exclusive-uk-fraud-is-big-business-at-52bn-each-year-says-financial-crime-guru/
Impersonation scam cases more than doubled in the first half of 2021 to 33,115, a finance industry trade association has said.
https://www.standard.co.uk/news/uk/uk-finance-government-lloyds-bank-b954982.html
Criminal financial activity is on the rise with loan fraud rates at their highest level in more than three years according to new data.
https://www.cityam.com/bank-loan-fraud-surge/
New figures from the National Fraud Intelligence Bureau show a threefold spike in reported financial losses to fraud and cyber crime in the first six months of 2021
https://www.computerweekly.com/news/252505825/UK-loses-13bn-to-fraud-and-cyber-crime-so-far-this-year
At the end of July, the Government announced it would scrap Action Fraud, the national gateway for triaging and allocating fraud complaints for police investigation. The decision is long overdue.
https://www.cityam.com/action-fraud-was-fruitless-agency-its-downfall-should-teach-us-the-perils-of-letting-skulduggery-go-unpunished/
Online scammers used fraudulent SMS about Covid-19 vaccinations, lockout penalties, and missing delivery deliveries to defraud UK customers out of a record £479 million last year.
https://www.finextra.com/blogposting/20760/scams-and-fraud-are-already-a-real-hazard-for-financial-industry
Lockdowns and restrictions in movement in England and Wales saw a surge in online shopping which led to “substantial increases” in computer crimes, according to the Office for National Statistics (ONS).
https://www.cityam.com/financial-crime-and-fraud-through-the-roof-during-pandemic/
A poll by European law firm Fieldfisher revealed over 93% of businesses are uncertain or have no idea what to do if they fall victim to cyber fraud.
https://thefintechtimes.com/over-113million-lost-to-crypto-scams-in-2020-numbers-in-2021-expected-to-be-much-higher/
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