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.