Fraud Measurement: The UK has lost £1.6Bn to fraudsters and cyber criminals this year

24 Sep 2023 11:05 AM | Anonymous member (Administrator)

New research from London IT support provider Amazing Support reveals that the UK has lost a total of £1.6Bn to fraud and cyber-related crime since the start of the year.

Analysing data drawn from Action Fraud’s website, figures show that from a total of 240,067 reports made, 212,343 of these have come from the UK’s general public, amounting to losses of £1.2Bn. Meanwhile, UK businesses have lost up to £395.3M from a total 26,663 reported cases, while further loss of £4.5M has been reported from 1,061 cases of unknown origin.

https://ifamagazine.com/the-uk-has-lost-1-6bn-to-fraudsters-and-cyber-criminals-this-year/


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