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Criminal financial activity is on the rise with loan fraud rates at their highest level in more than three years according to new data.
https://www.cityam.com/bank-loan-fraud-surge/
New figures from the National Fraud Intelligence Bureau show a threefold spike in reported financial losses to fraud and cyber crime in the first six months of 2021
https://www.computerweekly.com/news/252505825/UK-loses-13bn-to-fraud-and-cyber-crime-so-far-this-year
At the end of July, the Government announced it would scrap Action Fraud, the national gateway for triaging and allocating fraud complaints for police investigation. The decision is long overdue.
https://www.cityam.com/action-fraud-was-fruitless-agency-its-downfall-should-teach-us-the-perils-of-letting-skulduggery-go-unpunished/
Online scammers used fraudulent SMS about Covid-19 vaccinations, lockout penalties, and missing delivery deliveries to defraud UK customers out of a record £479 million last year.
https://www.finextra.com/blogposting/20760/scams-and-fraud-are-already-a-real-hazard-for-financial-industry
Lockdowns and restrictions in movement in England and Wales saw a surge in online shopping which led to “substantial increases” in computer crimes, according to the Office for National Statistics (ONS).
https://www.cityam.com/financial-crime-and-fraud-through-the-roof-during-pandemic/
A poll by European law firm Fieldfisher revealed over 93% of businesses are uncertain or have no idea what to do if they fall victim to cyber fraud.
https://thefintechtimes.com/over-113million-lost-to-crypto-scams-in-2020-numbers-in-2021-expected-to-be-much-higher/
The volume of fraud cases heard in the Welsh courts has more than doubled in the first half of 2021 with the alleged value of fraud rising by 39% to £2.2 million compared to the same period last year.
https://businessnewswales.com/volume-of-fraud-cases-hitting-welsh-courts-has-doubled/
Professional criminals took advantage of the unprecedented conditions caused by the pandemic to con businesses and individuals across the South West out of millions of pounds, new figures show.
http://swindon-business.net/index.php/2021/08/09/fraud-soared-as-criminals-used-pandemic-to-target-vulnerable-firms-and-individuals-research-shows/
The Midlands has seen a significant increase in the volume and value of major fraud cases in the first half of 2021.
Financial crime, fraud and hacking soared during the pandemic as criminals “took advantage of behavioural changes”, according to new figures published today. Domestic violence was up as well although the number of homicides dropped.
https://www.cityam.com/fraud-hacking-and-domestic-violence-surge-during-pandemic-but-homicides-drop/
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