THE GROWING OF FRAUD
US $ 1.03tn
GLOBAL CONCERN
Scammers have siphoned away over US $ 1.03tn globally in just the past year
Source: Global Anti-Scam Alliance( GASA)
55 %
PROCUREMENT FRAUD
55 % of nations reported procurement fraud as a widespread concern in 2024
Source: PwC
UK APP FRAUD
79 %
of UK fintechs say they
lost at least £ 500,000 to fraud in the 12 months to October 2024
In the UK alone, APP fraud accounted for approximately US $ 576m in losses during 2023
US $ 576m
Source: Alloy Source: LSEG
12 May 2025