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The recently released 2024 Annual Fraud Report by UK Finance offers a comprehensive analysis of the evolving landscape of fraud in the UK. Despite a slight decrease in total fraud losses, the report underscores significant trends and challenges that both consumers and financial institutions face in the ongoing battle against fraud

Internal fraud is costing businesses millions of pounds – despite the vast majority of perpetrators displaying prominent warning signs.

It would be somewhat optimistic to conclude that, given the government restrictions ordering the public to stay at home in 2020 and 2021,

Whilst government imposed restrictions have been lifted and there is some indication that life is beginning to resemble pre-COVID times, it does not mean that the associated COVID fraud risk has gone away.

It is safe to say that Covid-19 has changed the way in which we all live and work, but what the pandemic has also highlighted is the role that a Whistleblower may play in many of our lives, both in everyday business and personal matters.

Reported frauds relating to online sales are 42% higher during the pandemic, compared to the preceding year (i.e. 2019), with the increased demand for online shopping providing fraudsters with greater opportunities to illegally obtain online shoppers’ personal and financial details.