Annual data on the nature of fraud and computer misuse offences. Data for the year ending March 2021 and March 2022 are from the Telephone-operated Crime Survey for England and Wales (TCSEW).

Data on the annual value of cheque fraud losses in the United Kingdom (UK) from 2003 to 2020 shows that the value of cheque fraud losses decreased overall during the period under observation, although there was a two year increase up to 2019, reaching a value of **** million British pounds,but fell again in 2020 to **** million British pounds. The largest total of cheque fraud losses was found in 2008, when a value of fraud losses of **** million British pounds was recorded. Cheque fraud losses includes counterfeit, forged and fraudulently altered cheques.

Between the first half of 2019 and the first half of 2024, internet banking fraud cases in the United Kingdom (UK) have seen significant fluctuations. In the measured period, the highest number of cases was registered in the first half of 2021, nearly 43 thousand cases. Since then, the figure has gradually decreased to around 4,922 cases in the first half of 2024.

In 2020, criminals in the United Kingdom (UK) managed to steal approximately **** 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 ******* of all payment card fraud on UK cards was from abroad.

Data from the Crime Survey for England and Wales (CSEW) and the National Fraud Intelligence Bureau (NFIB), including numbers of incidents and characteristics of victims.

Estimates from Crime Survey for England and Wales (CSEW) on fraud and computer misuse. Also data from Home Office police recorded crime on the number of online offences recorded by the police and Action Fraud figures broken down by police force area.

These tables were formerly known as Experimental tables.

Please note: This set of tables are no longer produced. All content previously released within these tables has, or will be, redistributed among other sets of tables.

Data showing fraud statistics in Plymouth.

There were almost 1.28 million fraud and computer misuse offences recorded in England and Wales in 2024/25, the highest in a reporting year for this provided time period.

Between the first half of 2019 and the first half of 2024, the amount of monetary losses through mobile banking fraud cases in the United Kingdom (UK) has increased significantly. In the last measured period, the losses amounted to around 22.6 million GB pounds, up from 5.3 million in the first half of 2019.

The Annual Fraud Indicator (AFI) is a compendium of fraud loss indicators which strives to provide a best estimate of the scale of the problem and raise awareness.

In line with Fighting Fraud Together, the AFI covers fraud against all types of victims in the UK be they public, private, and not-for-profit organisations or individuals.

The report brings together existing estimates of fraud in the public domain, and new estimates produced by the NFA which aim to reveal areas of fraud loss that remain hidden from sight.

Crime Survey for England and Wales (CSEW) and Home Office police recorded crime data, by quarterly time periods.

In the second quarter of 2023, 30862 consumer fraud cases were reported in the United Kingdom, making it the type of fraud with the highest number of reports. Advance fee ranked second, with 9872 reports. Cyber dependent crime, which indicates different forms of hacking and cybercrime, followed with over 8100 reported cases.

Information about the Council's counter fraud work.The information is published annually.

Between the first half of 2019 and the first half of 2024, internet banking fraud cases in the United Kingdom (UK) increased significantly. In the last measured period, more than nine thousand mobile fraud cases were registered in the country, down from over 10,848 cases in the second half of 2023.

When incidents happened, where it took place, the victim’s perception of the incident, and what items were stolen. Annual data from the Crime Survey for England and Wales (CSEW).

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Fraud Detection And Prevention Market Size 2025-2029

The fraud detection and prevention market size is forecast to increase by USD 122.65 billion, at a CAGR of 30.1% between 2024 and 2029.

The market is witnessing significant growth, driven by the increasing adoption of cloud-based services. Businesses are recognizing the benefits of cloud solutions, such as real-time fraud detection, scalability, and cost savings. Additionally, technological advancements in fraud detection and prevention solutions and services are enabling organizations to better protect their assets from sophisticated fraud schemes. However, the complex IT infrastructure of modern businesses poses a challenge in implementing and integrating these solutions effectively. The complexity of the IT infrastructure, which integrates cloud computing, big data, and mobile devices, creates a vast network of devices with insufficient security features.
To capitalize on market opportunities, companies must stay abreast of these trends and invest in advanced fraud detection technologies. Effective implementation and integration of these solutions, coupled with continuous innovation, will be crucial for businesses seeking to mitigate fraud risks and protect their reputation and financial stability. Furthermore, the constant evolution of fraud techniques necessitates continuous innovation and adaptation from solution providers. Encryption techniques and network security protocols form the foundation of robust cybersecurity defenses, while compliance regulations and penetration testing help identify vulnerabilities and strengthen security posture.

What will be the Size of the Fraud Detection And Prevention Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the constant emergence of new threats and the need for advanced technologies to mitigate risks across various sectors. Real-time fraud alerts, anomaly detection systems, forensic accounting tools, and risk mitigation strategies are integrated into comprehensive solutions that adapt to the ever-changing fraud landscape. Entities rely on these tools to maintain regulatory compliance frameworks and incident response planning, ensuring access control management and vulnerability assessments are up-to-date. Machine learning algorithms and transaction monitoring tools enable the detection of suspicious activity, providing valuable insights into potential threats.

Intrusion detection systems and behavioral biometrics offer real-time protection against cyberattacks and payment fraud, while identity verification methods and risk scoring models help prevent account takeover and data loss. Cybersecurity threat intelligence and authentication protocols enhance the overall security strategy, providing a layered approach to fraud prevention. Fraud investigation techniques and loss prevention metrics enable entities to respond effectively to incidents and minimize the impact of data breaches. Social engineering countermeasures and payment fraud detection solutions further fortify the fraud prevention arsenal, ensuring continuous protection against evolving threats.

The ongoing dynamism of the market demands a proactive approach, with entities staying informed and agile to maintain a strong defense against fraudulent activities.

How is this Fraud Detection And Prevention Industry segmented?

The fraud detection and prevention industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Solutions
  Services


End-user

  Large enterprise
  SMEs


Application

  Transaction monitoring
  Compliance and risk management
  Identity verification
  Behavioral analytics
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Russia
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Component Insights

The Solutions segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to escalating cyber threats, increasing regulatory compliance requirements, and the need to mitigate financial losses. Biometric authentication, encryption techniques, machine learning algorithms, and intrusion detection systems are among the key solutions driving market expansion. Regulatory frameworks, such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA), are mandating robust incident response planning, access control management, and data breach prevention strategies. Vulnerability as

The number of activities conducted on the web, including online commerce and online banking, has surged, triggering an explosion of data tools and software, including software designed to ensure that sensitive personal information and payment card information are kept safe. As organised crime schemes have become increasingly sophisticated, fraud detection software has followed suit. The growth in artificial intelligence has shifted industry interest from rule-based systems to systems powered by machine learning software. The industry has boomed over the past decade, with revenue estimated to surge at a compound annual rate of 15.5% over the five years through 2024-25 to reach £1.5 billion. Revenue is forecast to jump 17.7% amid strong demand for fraud detection systems throughout the UK and the global economy. The industry's low capital intensity and low barriers to entry have enabled many start-up software developers to enter the industry. However, as overseas software developers are able to penetrate the UK market by offering their services through the Internet, competition against international rivals, in particular US software companies, has intensified, limiting industry revenue growth and profit expansion. As the number of UK organisations experiencing fraud continues to rise, spending on fraud detection software from key downstream markets, including the financial sector and the government, is set to continue to flourish. Industry revenue is forecast to expand at a compound annual rate of 14.4% to reach £3 billion over the five years through 2029-30. Equity investors are likely to continue to support promising start-ups through funding, allowing these to expand internationally while dedicating significant resources to research and development. Although developers are expected to continue to face high labour costs, the industry's average profit is set to widen, driven by a growing customer base and higher sales.