This statistic illustrates the annual value of cheque fraud losses in the United Kingdom (UK) in 2018, by type of fraud. Cheque fraud losses includes counterfeit, forged and fraudulently altered cheques. Annually the amount lost due to cheque fraud has fallen, coinciding with a fall in payments made using cheques. In 2018 counterfeit cheque fraud amounted to the highest loss with 15.9 million British pounds.
Value of cheque fraud losses in the United Kingdom (UK) in 2018, by fraud type
(in million GBP)
The source adds additional information: "There are three types of cheque fraud: counterfeit, forged and fraudulently altered checks. Counterfeit cheques are printed on non-bank paper to look exactly like genuine checks. Forged cheques are genuine cheques that have been stolen from an innocent customer and used with a forged signature. A fraudulently altered cheque is a genuine cheque that has been made out by the genuine customer but a fraudster has altered it before payment i.e. by changing the name of beneficiary or the amount."
Data for earlier months are published also by the source here.
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Statistics on "Check payments in the United Kingdom"
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UK Finance, & Financial Fraud Action UK. (March 20, 2019). Value of cheque fraud losses in the United Kingdom (UK) in 2018, by fraud type (in million GBP) [Graph]. In Statista. Retrieved January 27, 2020, from https://www.statista.com/statistics/784558/type-cheque-fraud-losses-uk/
UK Finance, und Financial Fraud Action UK. "Value of cheque fraud losses in the United Kingdom (UK) in 2018, by fraud type (in million GBP)." Chart. March 20, 2019. Statista. Accessed January 27, 2020. https://www.statista.com/statistics/784558/type-cheque-fraud-losses-uk/
UK Finance, Financial Fraud Action UK. (2019). Value of cheque fraud losses in the United Kingdom (UK) in 2018, by fraud type (in million GBP). Statista. Statista Inc.. Accessed: January 27, 2020. https://www.statista.com/statistics/784558/type-cheque-fraud-losses-uk/
UK Finance, and Financial Fraud Action UK. "Value of Cheque Fraud Losses in The United Kingdom (Uk) in 2018, by Fraud Type (in Million Gbp)." Statista, Statista Inc., 20 Mar 2019, https://www.statista.com/statistics/784558/type-cheque-fraud-losses-uk/
UK Finance & Financial Fraud Action UK, Value of cheque fraud losses in the United Kingdom (UK) in 2018, by fraud type (in million GBP) Statista, https://www.statista.com/statistics/784558/type-cheque-fraud-losses-uk/ (last visited January 27, 2020)
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