UK phone banking: fraud losses from 2009 to 2019

This statistic illustrates the annual value of phone banking fraud losses in the United Kingdom (UK) from 2009 to 2019. Phone banking fraud occurs when a criminal fraudulently accesses a victim's phone banking account. It can be seen that the total value of annual phone banking fraud losses fluctuated overall during the period under observation, reaching a value of 23.6 million British pounds as of 2019. The largest value of phone banking fraud losses occurred in 2015, when phone banking fraud losses amounting to 32.3 million British pounds were recorded.

Value of annual phone banking fraud losses in the United Kingdom (UK) from 2009 to 2019

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Source

Release date

March 2020

Region

United Kingdom

Survey time period

2009 to 2019

Supplementary notes

*The source adds the following information: "This fraud happens when a criminal fraudulently accesses the victim’s phone banking account. To do this the criminal needs to be in possession of specific personal and financial information about the victim, to convince the phone banking system/operator that they are the genuine account holder. A criminal will use a variety of ways to acquire information about an intended victim."

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Statistics on "Banking channels in the United Kingdom (UK)"

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