Research, Survey and Statistics

Dan Holmes, Director, Solutions Consulting EMEA at LexisNexis Risk Solutions comments on the UK’s growing ‘Authorised push payment’ (APP) fraud challenge, following the latest fraud announcement from UK Finance:

“Authorised push payment (APP) fraud grew exponentially in what was an unprecedented 2020. 

Fraud - The Facts 2021 Report: Expert Comment From LexisNexis Risk Solutions (mondovisione.com)

More than 15,000 reports of email and social media hacking were received by Action Fraud in the last year.

Action Fraud: Email and social media hacking reports top 15,000 in last year | Central Fife Times

The Online Safety Bill, first proposed in 2019 by Theresa May’s government, sets out guidelines designed to keep UK internet users, particularly children, safer online and create a new age of accountability.

Fraudsters have been left off the Online Safety Bill - FTAdviser.com

More than £373 million was lost by repeat victims of fraud in the financial year 2019/20, police figures show.

More than £373m lost to repeat victims of fraud in 2019/20 (yahoo.com)

Action Fraud data shows 89,153 reports of fraud at an estimated cost of £406.5m in the first two months of 2021.

https://mondovisione.com/media-and-resources/news/pimfa-which-uk-finance-fscs-and-work-and-pensions-select-committee-chair-rt-h/#.YE0kF4WGFzI.twitter

Nearly 4,000 fewer crimes have been recorded in Edinburgh in the latest nine-month period compared to the previous year - but fraud cases have risen as criminals “shift to more serious offences.”

https://www.edinburghnews.scotsman.com/news/crime/nearly-4000-fewer-crimes-recorded-in-edinburgh-but-fraud-cases-rise-as-criminals-shift-to-more-serious-offences-3155662

The scale of digitally enabled crime in the UK is dramatically under-reported, new statistics indicate

4 February 2021: More than half of UK firms have been affected by economic crime over the past two years as criminals rapidly adapt to the new business landscape, according to research presented at the Virtual Fraud Conference.

Wales has seen a significant drop in the value and number of fraud cases taken to the Courts, with only ten cases totalling £4.1 million being taken to court in 2020 compared to 17 cases totalling £17 million in 2019. The average value (between £250k-£1m) of each case was also lower in 2020 than compared to 2019.

Last year saw the highest number of scams on record, according to new research from Barclays.