Description: Fraud News for the UK
We are a daily news service focused on criminal fraud across Northern Ireland, Scotland, Wales and England. We comprehensively report on every notified case that is scheduled to come before the courts in these regions (unless reporting restrictions are in place). We are the only news service to do so.
The 2017 Annual Fraud Indicator estimates fraud losses to the UK at around £190 billion every year. At the time, the private sector was estimated to be suffering losses of £140 billion, the public sector ca £40 billion and individuals around £7 billion. However, we know that financial crime soared during the COVID years and so estimates since these years have risen.
The costs are borne by people from all walks of life, in their businesses, homes and service centres. Often, the cost is much more than financial - the personal and psychological effects can be huge.