June 5, 2025
Investment

Investment scam losses hit £144mn in 2024


Investment scams saw a 34 per cent increase in losses in 2024 hitting £144.4mn, the first recorded rise since 2021.

The UK Finance Annual Fraud report revealed £1.17bn was lost to fraudsters overall in 2024 with 3.31mn confirmed cases.

Looking at investment scams specifically, cases fell by nearly a quarter in 2024 to 7,767, to the lowest since 2020, however losses were on the rise.

According to UK Finance the fall in cases and rise in losses marked a change in the profile of authorised push payment fraud compared with what it had observed in recent years.

Investment scams accounted for nearly a third of all APP losses last year, the data revealed.



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