In 2020, criminals in the United Kingdom (UK) managed to steal approximately 1.26 billion British pounds (GBP). Almost half of all financial fraud in the UK was completed via payment card fraud. Payment card fraud includes credit, debit, charge and ATM only cards. In 2020, almost a quarter of all payment card fraud on UK cards was from abroad.
Distribution of financial fraud losses in the United Kingdom (UK) in 2020, by type
The source adds the following information: "Payment cards cover debit, credit,
charge and ATM only cards issued in the UK. Payment card fraud losses are organized into five categories: remote purchase (card not present or CNP), counterfeit, lost and stolen, card not received and card ID theft."
Authorized push payments: "In an authorized push payment scam (also known as bank transfer scams), a criminal tricks their victim into sending money directly from their account to an account which the criminal controls."
Remote banking: "Remote banking fraud losses are organized into three categories: internet banking, telephone banking and mobile banking. It occurs when a criminal gains access to an individual’s bank account through one of the three remote banking channels and makes an unauthorized transfer of money from the account."
Cheque: includes counterfeit, forged and fraudulently altered cheques.
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UK Finance. (March 24, 2021). Distribution of financial fraud losses in the United Kingdom (UK) in 2020, by type [Graph]. In Statista. Retrieved December 06, 2024, from https://www.statista.com/statistics/1113247/united-kingdom-uk-fraud-losses-through-financial-fraud-by-type/
UK Finance. "Distribution of financial fraud losses in the United Kingdom (UK) in 2020, by type." Chart. March 24, 2021. Statista. Accessed December 06, 2024. https://www.statista.com/statistics/1113247/united-kingdom-uk-fraud-losses-through-financial-fraud-by-type/
UK Finance. (2021). Distribution of financial fraud losses in the United Kingdom (UK) in 2020, by type. Statista. Statista Inc.. Accessed: December 06, 2024. https://www.statista.com/statistics/1113247/united-kingdom-uk-fraud-losses-through-financial-fraud-by-type/
UK Finance. "Distribution of Financial Fraud Losses in The United Kingdom (Uk) in 2020, by Type." Statista, Statista Inc., 24 Mar 2021, https://www.statista.com/statistics/1113247/united-kingdom-uk-fraud-losses-through-financial-fraud-by-type/
UK Finance, Distribution of financial fraud losses in the United Kingdom (UK) in 2020, by type Statista, https://www.statista.com/statistics/1113247/united-kingdom-uk-fraud-losses-through-financial-fraud-by-type/ (last visited December 06, 2024)
Distribution of financial fraud losses in the United Kingdom (UK) in 2020, by type [Graph], UK Finance, March 24, 2021. [Online]. Available: https://www.statista.com/statistics/1113247/united-kingdom-uk-fraud-losses-through-financial-fraud-by-type/