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Stories about: fraud losses


One in Four UK Adults Affected by Card Fraud

According to a report released by life insurance company CPP, card fraud has affected seven percent of the adult UK population last year and 13 million people overall.The UK adult population is a bit over 49 million, which means as much as 28% of adults have been affected by this type of fraud at least once in their ...

19 January 2011
05:03 GMT

Information Theft Affects More Companies than Physical One

According to a report from Kroll, one of the leading risk consulting companies in the world, cases of information theft affected more companies than those involving physical assets, for the first time in history.In the newly released edition of its Annual Global Fraud Report [pdf], Kroll reveals that 27.3% of compani...

20 October 2010
06:31 GMT

Card and Online Banking Fraud Losses Decreased in UK

According to the UK Cards Association, plastic card, online banking and check fraud losses have decreased considerably during the first half of 2010 compared to the similar period last year.Losses resulted from fraud involving UK cards amounted to £186.8 million (around $296 million) from January to June this y...

7 October 2010
04:36 GMT

Fifteen Thousand Fraud Reports in UK in 2010

UK's national fraud reporting center, Action Fraud, announced that during the first six months it received over 15,000 web reports. The losses generated by these scams varied between as little as £6 to over £1 million ($1.5 million).Fifteen thousands reports might seem a small number compared to Unit...

12 July 2010
11:29 GMT

Cybercrime Related Losses Doubled in 2009

According to an annual report from FBI's Internet Crime Complaint Center (IC3), financial losses resulting from cybercriminal activities have doubled last year compared to 2008. Advanced fee scams abusing FBI's name was the most reported type of fraud. The IC3 is a partnership between the FBI, the Bureau o...

16 March 2010
13:20 GMT


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