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The UK is ill-equipped to deal with continuing rise in fraud, MPs warn.
Almost £900m has been lost to investment fraud in the past year, as police warn about the rise in the use of social media for bogus schemes.
https://www.cityam.com/investment-fraud-soars-by-49-per-cent-as-criminals-exploit-social-media/
IT'S emerged that UK banks have failed to return more than £100million stolen from customers by scammers.
https://www.thesun.co.uk/money/20104442/bank-warning-money-stolen/?utm_source=twitter&utm_medium=social&utm_campaign=sharebarweb
https://www.dailymail.co.uk/news/article-11252935/Fraud-cases-soar-quarter-just-two-years-rise-money-scams-data-shows.html
According to a new analysis by MoneyTransfers.com, fraud losses at British banks increased 8% overall in the year to 1.3 billion pounds.
https://londonlovesbusiness.com/uk-banks-report-1-3bn-fraud-related-losses/
Claims.co.uk, the London-based injury claims firm, examined official ONS survey data from 33,735 people over the age of 16, to uncover the most common characteristics of computer misuse victims in the UK.
https://thefintechtimes.com/elderly-are-not-the-biggest-victims-to-fraud-as-25-34-year-olds-targeted-more-finds-claims-co-uk/
“The insurance industry is working harder than ever to stop fraudsters in their tracks.”
Those were the words of Insurance Fraud Bureau (IFB) director Ben Fletcher when the Association of British Insurers (ABI) released its latest figures on fraudulent insurance claims.
A total of 73% of UK consumers have been targeted by scams in the past three months with one in every four falling victim to fraudsters.
https://uk.news.yahoo.com/one-in-four-britons-have-fallen-victim-to-scam-since-may-112248266.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
The overall amounts of fraud, overpayments and error in the public sector in Scotland have reduced in the last two financial years.
https://futurescot.com/slight-decrease-in-public-sector-fraud-levels-in-scotland-according-to-new-audit/
More than £1.3bn was stolen by con artists last year, figures reveal, with authorised push payment fraud (APP), where victims are tricked into making a payment, rising sharply as pandemic restrictions eased.
https://www.theguardian.com/money/2022/jun/29/uk-victims-lost-13bn-in-2021-amid-surge-in-online-new-data-shows?CMP=share_btn_tw
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