Fraud 2015 In this feature l value l losses l perpetrators Fraud barometer Some of the most vulnerable in society were duped into losing their homes to fraudsters, and fraud against businesses and public organisations increased tenfold in 2015 SOURCE: KPMGS FRAUD BAROMETER: A SNAPSHOT OF FRAUD IN THE UK 1. The fraud 732m The amount of fraud identified in 2015 2.4m The average value of fraud per case 2 cases =253m of the total fraud recorded in 2015 2. The victims losses In 2015, money stolen from individuals and families increased by 300% 2015 156m 2014 38.5m Some remortgaged their homes, which they later lost 111m was lost by financial institutions when vulnerable people were tricked into remortgaging their homes 3. The perpetrator 176m was stolen from businesses and public organisations who failed to scrutinise deals = 10x increase on 2014 332m lost to scams in the private sector 1 case = 142m lost by banks in fraudulent loans In 2015, all losses committed by men increased by 619m 25% 2015 (85%) 431m 2014 (60%) 45 + the age of men perpetrating 72%+ of all frauds To share this page, click on in the toolbar 50% = 529m = + worth of losses caused by insider fraud (303m) You might also like Food fraud exposed January 2016