Record-High Scam and Fraud Complaints revealed by FOS

FOS data found that:

• Over 50% of the 8,734 fraud and scam complaints lodged by consumers related to APP fraud;
• The total number of complaints were an increase of over 2000 lodged during the same period last year; and
• The 2024 increase was due to factors including multi-stage frauds and professionally-enabled fraud.

Firms can review the latest fraud data as part of retaining ongoing awareness of fraud trends and risks

✅ Learn more about Plenitude’s Fraud Practice and how we are helping clients combat fraud whilst reducing losses and operational costs.

https://www.plenitudeconsulting.com/services/fraud-practice