Research, Survey and Statistics

With over 1.3 million people discussing “fraud schemes” online, the experts at private and commercial bank Arbuthnot Latham have put together a list of scams to look out for and the most common types of scams people come across.

https://ifamagazine.com/article/over-3-9-billion-has-been-lost-to-fraud-and-cybercrimes-in-the-last-13-months-across-the-uk/

SCAMS in Northern Ireland cost victims £19m this year including one person who lost £350,000 on a crypto-currency investment fraud, police have said.

https://www.irishnews.com/news/northernirelandnews/2022/12/30/news/scams_cost_northern_ireland_victims_19m_in_2022-2964046/?param=ds441rif44T

The total amount lost to cryptocurrency fraud in the UK has surged by 32 per cent in the past year.

https://www.ftadviser.com/investments/2022/11/28/crypto-fraud-soars-32-in-2022/

The Home Office has no complete or up-to-date estimate of the cost of fraud to the economy and a limited understanding of who commits the crimes, a report has found.

https://www.largsandmillportnews.com/news/national/23125109.home-office-has-no-complete-up-to-date-estimate-cost-fraud---watchdog/

Over £600 million was stolen by criminals through authorised and unauthorised fraud in the first half of 2022. This is down 13% compared to the same period in 2021.

https://www.finextra.com/blogposting/23203/cross-sector-action-critical-in-tackling-app-fraud-epidemic

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

• Research found there were 4.5million fraud offences in the year to March 2022
• The proportion of fraud offences classed as cyber-related rose by 6 per cent 
• About three-quarters of those who lost money had less than £250 stolen

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/