The scale of fraud in the UK may be significantly higher than figures show, suggesting the fraud epidemic is even worse than feared, according to industry experts.
Fraud has skyrocketed in recent years as a result of the rise of online payments, the pandemic and lax enforcement. Figures from UK Finance put the total lost to fraud in 2022 at £1.2bn.
https://www.cityam.com/fraud-epidemic-may-be-even-worse-than-figures-suggest-experts-warn/