Over £1.2bn was stolen by criminals through authorised and unauthorised fraud in 2022, equivalent to over £2,300 every minute, according to UK Finance in its Annual Fraud Report released today (11 May) detailing the amount of money stolen by criminals through financial fraud in 2022. 78% of APP fraud cases start online and 18% start via telecommunications, the The banking and finance industry prevented a further £1.2bn of unauthorised fraud from getting into the hands of criminals. The figure of over £1.2bn stolen through fraud in 2022 was a reduction of 8% on 2021, while the num...
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