Research, Survey and Statistics

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/

The volume of fraud cases heard in the Welsh courts has more than doubled in the first half of 2021 with the alleged value of fraud rising by 39% to £2.2 million compared to the same period last year.

https://businessnewswales.com/volume-of-fraud-cases-hitting-welsh-courts-has-doubled/

Professional criminals took advantage of the unprecedented conditions caused by the pandemic to con businesses and individuals across the South West out of millions of pounds, new figures show.

http://swindon-business.net/index.php/2021/08/09/fraud-soared-as-criminals-used-pandemic-to-target-vulnerable-firms-and-individuals-research-shows/

The Midlands has seen a significant increase in the volume and value of major fraud cases in the first half of 2021.

Financial crime, fraud and hacking soared during the pandemic as criminals “took advantage of behavioural changes”, according to new figures published today. Domestic violence was up as well although the number of homicides dropped.

https://www.cityam.com/fraud-hacking-and-domestic-violence-surge-during-pandemic-but-homicides-drop/

Fraud is costing businesses and individuals in the UK £137 billion each year. That is according to research by the audit firm Crowe.

https://www.professionalsecurity.co.uk/news/case-studies/cost-of-fraud-to-uk-137-billion/#.YQq7aGiTYU8.twitter

Cyber fraud has cost Gloucestershire businesses around £369,800 in the last 13 months, according to Cheltenham-based international law firm, Charles Russell Speechlys – and here are some of the worst scams.

Just one in 700 scams result in a fraud conviction despite rising numbers of investment fraud, Quilter has found.

https://www.ftadviser.com/investments/2021/07/26/fraud-convictions-fall-to-lowest-level-since-2007/