Research, Survey and Statistics

More than £23 million was stolen by fraudsters in Northern Ireland in the last year, police have said.

Some 5,412 reports of fraud were made to the PSNI in the last 13 months from December 2022 to January 15.

These reports resulted in total losses of around £23.1 million, according to figures from Action Fraud.

Despite efforts to thwart scammers through regulation and government action, fraud levels are continuing to increase across the globe and rocketed in H1 2023, according to a new report by NICE Actimize.

https://www.financierworldwide.com/fw-news/2023/11/28/global-fraud-rocketed-in-h1-2023-reveals-new-report

Whether it’s pension scams, banking app scams and self-assessment tax fraud,more people are falling victim to scammers.

Fraudsters made off with millions of pounds in the first half of 2023, new figures from banking trade body UK Finance have revealed.

Scammers stole £580m in 1.4 million fraud cases in the first half of 2023, according to a financial trade body.

UK Finance’s half-year report found that UK consumers fell victim to a scam every 12 seconds from January to June this year.

Fraudsters took £580m from Britons during the first six months of 2023, according to a report by banking trade association UK Finance, which urged Big Tech to take more responsibility for online scams.

The group called the issue a “national security threat”, with MPs warning that Britain risks becoming a “safe haven for fraudsters”.

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.

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.

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.

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.

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