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Nearly 1 in 10 UK adults (9%) have been defrauded via their debit or credit card in the last year, equating to 4.7 million people across the country.
Losses due to unauthorised financial fraud fell five per cent last year, totalling almost £732 million. However this, figures collated for the first time on authorised push payment (APP) scams show an additional £236 million was stolen last year.
E-commerce sites in the US and Western Europe are estimated to lose a whopping $18.6bn this year through fraud, according to a new Forrester report.
The report shows you are more likely to be a victim of fraud or cybercrime above any other offence.
That’s the main finding of EY’s latest Global Fraud Survey, which explores the impact of enforcement efforts and asks how compliance can be made more effective.
Protiviti and Utica College’s latest White-Collar Crime and Fraud Risk Survey report revealed that organizations continue to lag in employing sound fraud risk management practices – a finding that, to me, signals a lack of understanding of the interrelationship between fraud risk and ethical culture.
EY's 15th Global Fraud Survey contains insights from business leaders on the risk and challenges organizations face in fighting fraud and corruption in an era of significant technological advance.
A new report, by Reassura and the Centre for Counter Fraud Studies, has set out to change the UK’s shame-filled attitude towards fraud and scams, as it revealed 30% of people scammed multiple times, wouldn’t tell their loved ones if they were a victim of a scam, despite fraud now being the most common crime in E&W.
The number of regional firms reporting incidents of financial fraud rose to 34 percent from 26 percent over the past two years, according to a PwC survey.
One of the biggest insurance companies in the UK, Aviva, noted that the value of fraud from last year had risen by 5.4%, at £90m, in comparison to the year before due to a 6.3% surge in uncovered fraudulent claims.
Midlands Fraud Forum Ltd. Reg.No: 06436330 Copyright © March 2014