The most common types of fraudulent activity in the UK

With an increase of fraudulent activity being reported across the UK during the pandemic, the importance of knowing how to spot fraudulent activity has become increasingly important. Debt management company Lowell have conducted research into fraud across the UK and the results have shown just how fraud has affected millions of people.

The most common types of fraudulent activity across the UK
Fraudulent activity is taking place throughout the UK and the ways in which Brits are being targeted is constantly changing. Fraud committed using a debit or credit card has impacted the most people, with nearly one fifth (18%) of Brits having had an experience with it.

Other common types of fraud that affect nearly one in ten Brits include internet banking fraud (9%) and text fraud (8%). In addition to this, one in twenty Brits have experienced mobile banking fraud (6%) and cash machine fraud (5%).

The statistics show that the most common age group targeted by fraudulent activity are 16–24-year-olds, with 62% of young people saying they have experienced some form of fraud.

Commenting on the findings, John Pears, CEO of Lowell, says: “It’s concerning to see how many people have been affected by fraudulent activity, and the variety of different techniques that people are being targeted with. It really goes to show that the sophistication with which these cybercriminals operate is increasing all the time – and we all need to be vigilant when it comes to protecting ourselves and vulnerable family members online.

“At Lowell, we want to raise awareness around potential fraudulent risks, to help people understand how they can protect themselves and avoid falling victim to fraudsters.

“We believe it is so important for consumers to feel empowered and in control of their finances. Here at Lowell, we are talking to consumers daily and directing them to credible, trustworthy sources for support where it is needed. A range of independent and impartial support is available for anyone who is struggling with their finances, and a helpful list is available at our website https://www.lowell.co.uk/help-and-support/independent-support/”