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According to KPMG's Fraud Barometer over 160 cases of serious fraud with charges over £100,000 came to UK courts in the first half of 2009 worth a total value of £636 million. This is the highest number of cases in a six month period in the 21 year history of the Barometer. (KPMG, July 2009) |
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According to BDO's FraudTrack report total reported fraud in the United Kingdom cost £1.19 billion in 2008.(BDO, January 2009) |
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Twenty five central Government bodies reported 761 cases of internal fraud or theft with a total value of almost £4.3 million for the year 2007 - 2008. (HM Treasury, October 2008) |
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For an overview of current fraud trends in the USA please refer to the Association of Certified Fraud Examiner's (ACFE) 2008 Report to the Nation on Occupational Fraud and Abuse available from the ACFE website. |
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Almost half (48%) of UK companies in PWC's Global Economic Crime Survey 2007 reported being a victim of fraud. The average direct cost of economic crime was £1.75 million plus management costs. (PricewaterhouseCoopers, October 2007) |
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It is estimated that fraud cost £13.9 billion in 2005, increasing to £20 billion with the inclusion of income tax and EU fraud. This amounts to £330 per year for every man, woman and child in the United Kingdom. (ACPO, 2007) |
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Up to 20% of the UK population could be particularly vulnerable to mass marketed scams. Previous victims and those with a good knowledge of the scam offer (such as investments) may be more at risk. (OFT, May 2009) |
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A survey of businesses in Southern England found that almost one third had discovered a fraud in the last two years. (BDO, 2009) |
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Thirteen percent of businesses expect to lose over 5% of their revenue to online fraud; 37% expect to lose more than 1%. (Cybersource, 2009) |
