Research, Survey and Statistics

  • 29 Sep 2023 10:57 AM | Anonymous member (Administrator)

    Scammers stole an estimated £7.5bn from Brits in the last year, according to a fraud prevention service.

    One in ten scam victims were targeted by fraudsters and over half (62%) received at least one scam message a month.

    A total of 58% of the 2,000 adults surveyed by the Global Anti-Scam Alliance and Cifas also acknowledged a significant rise in scam encounters over the past year.

    https://www.yourmoney.com/household-bills/brits-lose-7-5bn-to-scammers-in-the-last-12-months/


  • 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/


  • 16 Aug 2023 5:26 PM | Anonymous member (Administrator)

    One in two (51 per cent) UK adults have, or know someone who has, experienced a financial scam attempt in the past 12 months, according to research by Canada Life.

    This equates to approximately 26.8mn UK adults and of these, 3.6mn went on to personally fall victim to the scam.

    https://www.ftadviser.com/your-industry/2023/08/14/uk-savers-lose-17bn-to-scams/


  • 13 Aug 2023 11:49 AM | Anonymous member (Administrator)

    In Q2 of 2023, the UK saw a rise in fraudulent activity with a loss of £593m, pushing the total stolen cash in the past year to almost £3.5bn.

    The money.co.uk Fraud and Cyber Crime Report reveals a rise of 1,407 fraudulent cases between April and June, compared to the first quarter of the year.

    https://fintech.global/2023/08/07/rising-tide-of-fraud-uk-losses-surge-to-593m-in-q2-2023/


  • 13 Aug 2023 11:30 AM | Anonymous member (Administrator)

    New figures released in the updated 2023 Fraud Report from the credit card experts at money.co.uk, which analyses police figures to reveal where in the UK has seen the biggest rise in fraud and cyber crime, show that reports of fraudulent attacks have increased yet again.

    https://www.finextra.com/pressarticle/97675/moneycouk-reveals-brits-lost-593-million-through-fraud-in-q2-2023

  • 28 Jul 2023 10:16 AM | Anonymous member (Administrator)

    Fraud levels have returned to pre-pandemic levels but remain sky high, according to estimates from the Crime Survey for England and Wales (CSEW).

    The CSEW estimated that there were 3.5m cases of fraud in the year to March. This was roughly equivalent to pre-pandemic levels, with the CSEW arguing the pandemic fraud spike was not a permanent trend.

    https://www.cityam.com/number-of-fraud-cases-falls-from-pandemic-highs-but-remains-sky-high-at-3-5m/


  • 06 Jul 2023 10:48 AM | Anonymous member (Administrator)

    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/


  • 06 Jul 2023 10:03 AM | Anonymous member (Administrator)

    The Financial Ombudsman Service received 21,918 fraud and scam complaints in the 2022/23 financial year.

    This was up by almost a fifth (18 per cent) when compared to the 18,450 complaints it received in 2021/22.

    https://www.ftadviser.com/fos/2023/06/28/fos-reports-18-rise-in-fraud-and-scam-complaints/


  • 27 Jun 2023 12:59 PM | Anonymous member (Administrator)

    The cost of living crisis has seen insurance fraud soar by 61% as people feel the squeeze, new figures suggest.

    The City of London Police’s Insurance Fraud Enforcement Department (IFED) said its figures, which cover March 2022 to April this year, suggest a rise in 'opportunistic fraud' rather than professional fraudsters.

    https://uk.news.yahoo.com/cost-of-living-crisis-rise-insurance-fraud-police-figures-161835278.html/


  • 07 Jun 2023 11:32 AM | Anonymous member (Administrator)

    Money.co.uk have released their first Business Fraud report, which uncovers that in the past year the average losses for UK organisations to fraudsters was more than £2.1 billion.

    https://businessnewswales.com/businesses-in-the-uk-lost-more-than-2-1-billion-in-the-past-year-to-fraud/

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