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Our latest Fraud report, sponsored by Feedzai, shows that £1.17 billion was lost to fraud in 2023. We outline the changing profile of these losses and the continuing efforts of the finance sector to protect consumers.
The tide of criminal activity targeting consumers, their means of payment and personal data shows little sign of abating, according to the latest fraud data reported by UK Finance members.
The sums of money stolen by criminals are vast and the impact on those affected is significant. Our latest data indicates a modest overall decline in both the value of losses and the number of cases compared with 2022 to £1.17 billion and 2.97 million respectively.
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