The amount victims lost to fraud soared past £1bn in 2023 – a fraction less than during the previous year, a report finds.

This figure (£1.17bn) could have doubled had it not been for banks intervening, which prevented an extra £1.25bn going into the pockets of criminals.

https://www.yourmoney.com/economy/fraud-victims-lose-1-2bn-in-2023-as-app-scams-surge/