All news with #online fraud tag

techUK Urges Collaboration to Tackle Rising Fraud Now

🔍 techUK has published its Anti-Fraud Report 2025, warning that fraud now accounts for 40% of crime in the UK and that an estimated 67% is cyber-enabled. The report urges improved collaboration across law enforcement, banks, tech platforms, telecoms and regulators and recommends a connected anti-fraud ecosystem, wider use of AI and machine learning, and a national Tell Us Once victim-reporting model. It highlights the scale of harm—global losses of about $1 trillion in 2024—and cautions that government action is still being finalised.