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In its annual fraud report, trade body UK Finance said there had been almost 44,000 reported cases of APP frauds in 2017. It is the first time annual figures on APP fraud have been collected.
https://www.out-law.com/en/articles/2018/march/loss-236-million-authorised-push-payment-frauds/
The 2018 ACS Crime Report revealed that there were more than 2,800 burglaries and over 9,300 robberies reported in the last year, the cost to the sector has reached £20m, while the cost of fraud over the last year is £24m.
https://www.talkingretail.com/news/industry-news/acs-report-reveals-true-cost-crime-20-03-2018/
Banks and card companies prevented £1.46bn in financial fraud attempts over 2017, equivalent to £2 in every £3 of attempted fraud being stopped, but UK Finance data also showed £967.8m was lost to the practice.
http://www.yourmoney.com/credit-cards-loans/almost-1bn-lost-fraud-2017-uk-finance/
More than £7 million has been stolen from Scottish businesses and individuals through cybercrime in less than a year.
https://www.sundaypost.com/fp/more-than-7-billion-stolen-in-cyber-fraud-in-scotland/
Criminal activity results in average losses of around £72,000, research reveals
http://www.independent.co.uk/news/business/news/fraud-financial-crimes-hacking-cyber-criminals-pwc-research-study-a8221366.html
The UK findings from PwC’s 2018 Global Economic Crime Survey (GECS) confirm that fraud is continuing to run at high levels, with respondents’ experiences showing a shift towards technology-enabled crime, bribery and procurement fraud.
https://www.pwc.co.uk/services/forensic-services/insights/global-economic-crime-survey-2018---uk-findings.html
Nearly 6 out of every 10 (58%) of the UK's SMEs do not know who the relevant authorities are to help them deal with fraud, according to research from Close Brothers Asset Finance.
https://www.retailtechnologyreview.com/articles/2018/01/30/fraud-authorities-not-visible-enough-to-uk-smes/
Microsoft’s Digital Civility Index, which looks at negative behaviour on the internet and its consequences, revealed that 22% of people who responded to the survey had been the target of such illegal activity online.
https://news.microsoft.com/en-gb/2018/02/06/hoaxes-scams-and-frauds-among-biggest-complaints-from-uk-internet-users-microsoft-research-reveals/
The incidence of Fraud continued to climb this year. Overall, 84% of surveyed execs report their company fell victim to at least one instance of fraud in 2017, up from 82% in 2016 representing a continuous, year-in-year rise since 2012, when the reported incidence was 61%.
https://www.kroll.com/en-us/global-fraud-and-risk-report-2018
New hot spots of fraud are seen in the data with the East Midlands showing significant signs of growth. Younger generations are more than twice as likely to be a victim of fraud than older generations.
https://engage.experian.co.uk/uki-fraud-report-2017/?utm_source=twitter&utm_medium=socialorganic&utm_campaign=fraud
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