Confirmed cases of unauthorised fraud reported in 2024, marking a 14 % rise from cases reported in 2023
In a recent survey, fintechs reported that 73 % of fraud
or attempted fraud was attributed to financial criminals and organised crime rings
RISING FRAUD RA THE KEY FIGURES
US $ 3bn
The estimated amount of expected loss to APP fraud losses in the US
Source: Primer
3.13m
Confirmed cases of unauthorised fraud reported in 2024, marking a 14 % rise from cases reported in 2023
Source: UK Finance report
£ 15.7m
( US $ 11.6m)
reported in losses from April-June in 2025 alone
73 %
In a recent survey, fintechs reported that 73 % of fraud
or attempted fraud was attributed to financial criminals and organised crime rings
Source: Santander Source: Alloy
16 October 2025