Question to the Home Office:
To ask the Secretary of State for the Home Department, what estimates her Department has produced or commissioned of the total financial cost of online fraud committed against individuals in the UK in (a) financial year 2020-21, (b) calendar year 2021 and (c) financial year 2021-22.
Online fraud is a particularly pernicious crime that preys on some of the most vulnerable people in the country. Tackling it is a priority for this Government and we continue to work with all partners to protect the public and pursue fraudsters.
As of March 2021, online fraud was estimated, using data from the Crime Survey for England and Wales, at 58% of fraud while the volume of fraud against individuals was 4.65 million incidents. The most recent estimate (December 2021) of fraud against individuals was 5.2 million incidents