UK Finance today releases its Annual Fraud Report, detailing the amount of money reported by UK Finance members that was stolen by criminals through financial fraud in 2022.

https://www.ukfinance.org.uk/news-and-insight/press-release/over-ps12-billion-stolen-through-fraud-in-2022-nearly-80-cent-app

The November 2021 cyber-attack on the Simplify Group – the country’s largest conveyancing business – cost it £6.8m and also suppressed fee income, its annual report has shown.

https://www.legalfutures.co.uk/latest-news/cyber-attack-cost-conveyancing-giant-7m-plus-lost-business

 Tide, a UK financial business      platform with more than 500,000 SMEs, has urged the government to establish a new anti-fraud tax to fund and train more police officers to combat the rising fraud epidemic in Britain.

https://thefintechtimes.com/tide-urges-government-to-introduce-anti-fraud-tax-to-combat-rising-scams/

Cold calls which cheat people out of their money by tricking them into buying fake investments are to be banned under government plans to be announced next week.

https://uk.sports.yahoo.com/news/cold-calls-financial-deals-banned-054529849.html

WARRINGTON Borough Council's fraud team has closed hundreds of cases, resulting in saving the council more than £200,000.

https://uk.style.yahoo.com/fraud-team-warrington-borough-council-132347668.html

Fraud is a growing problem in the UK, with businesses of all sizes falling victim to various types of fraudulent activity, including cyber attacks.

The impact can be devastating, resulting in financial loss, reputational damage and even legal consequences.

https://www.thebusinessdesk.com/northwest/news/2113618-are-you-aware-of-the-risks-of-fraud-for-your-business

Latest Fraudscape report shows cases of identity fraud rose by almost a quarter in 2022

Identity fraud now accounts for almost 70% of cases filed to the National Fraud Database

The latest research from Cifas, the UK’s leading fraud prevention service, has revealed that identity fraud is now one of the biggest fraud threats to the UK public, with cases soaring by nearly a quarter over the last year.

As the UK continues to grapple with its cost-of-living crisis, scammers are taking advantage of people’s increased financial vulnerability.

In the first half of 2022 alone, criminals stole a total of £609.8 million through scams, according to UK Finance data.

https://www.forbes.com/uk/advisor/personal-finance/2023/04/25/five-scams-beware-2023/

The Business Department is not expecting to recoup billions of taxpayers’ money lost to fraud and error in pandemic support.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/apr-2023/pac-slams-government-for-billions-lost-to-fraud

You are more likely to fall victim to fraud than robbery or violence in England and Wales. What’s more, according to the government, 61% of fraud offences in England and Wales are committed online. But how many of these scams target mobile phone users?

https://www.uswitch.com/mobiles/compare/sim_only_deals/mobile-fraud/