In what will not be viewed as the most welcome of statistics, the total value of UK fraud appears to have risen to its pre-pandemic level.
KPMG reported that the total value of fraud cases (with a value of £100,000 or more) reaching the courts last year was £1.12 billion. This was a 151% increase on the total for 2021. But, perhaps more significantly, it matches the £1.1 billion figure for 2019, which was the last year before coronavirus struck.
While such statistics can be discussed at length, chewing over the numbers does not tell us the full story. To do that requires an examination of the reasons for those numbers. The return to pre-pandemic fraud figures is an obvious and newsworthy benchmark. But there are other issues worthy of consideration.
To take an obvious one, we do not – for ...
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