COF From reimbursement to prevention: the UK’s strategic shift in tackling online fraud

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There were an estimated 4.1 million fraud incidents in the year ending December 2024 at a cost to the UK economy of £14.4 billion. It is the most commonly experienced crime, accounting for over 43 per cent of all offences in the UK.

Source: https://www.counter-fraud.com/legal-and ... 161566.htm