UK phone banking: fraud losses from 2009 to 2020
Data on the annual value of phone banking fraud losses in the United Kingdom (UK) from 2009 to 2020. shows that the total value of annual phone banking fraud losses fluctuated overall during the period under observation, reaching a value of 16.1 million British pounds as of 2020. The largest value of phone banking fraud losses occurred in 2015, when phone banking fraud losses amounting to 32.3 million British pounds were recorded. Phone banking fraud occurs when a criminal fraudulently accesses a victim's phone banking account.
