Global joined-up action is needed to tackle the scourge of fraud, a report is urging, with nearly one in five UK adults having fallen victim in the past three years alone. Nearly a fifth (18 per cent) of UK adults are estimated to have fallen victim to fraud between 2021 and 2023, according to a report.

The average loss was put at £907, with a third (33 per cent) of victims reporting suffering a negative emotional impact and 18 per cent an impact to their finances.