Romance Fraud: Brits lose £3.2 million a day to fraudsters as ‘authorised’ scams rise

31 May 2024 12:25 PM | Anonymous member (Administrator)
  • £1.17 billion was stolen last year – amounting to £3.2 million every day
  • There was a 50% increase in the number of people hit by “authorised” payment scams between 2020 and 2023
  • £36.5 million was stolen in romance scams – up 17% on a year earlier
  • 64p for every £1 stolen was reimbursed to victims, up from 59p in the £1 a year earlier

Laura Suter, director of personal finance at AJ Bell, comments on the UK Finance Annual Fraud report 2024:

https://ifamagazine.com/brits-lose-3-2-million-a-day-to-fraudsters-as-authorised-scams-rise/

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