Fraud is not just a problem for the UK, it is a pressing issue for many countries around the world. Using data from 15 countries, this paper provides an aggregated picture of the scale of the ‘fraudemic’ being experienced by populations across the globe.
KEY POINTS
- We surveyed a representative sample of adults across 15 countries about fraud. These were the G7 nations, along with Australia, New Zealand and Singapore, as well as Argentina, Brazil, Mexico, Portugal and Spain. The survey showed that around one in five respondents had been a victim of fraud at least once between 2021 and 2023.
- Around four in ten of victims had suffered repeat victimisation in the same period, with one in six being a victim three or more times.
- That implies that there were around 228 million victims and that there were more than 331 million frauds committed against individuals in the 15 countries over the three year period.
- Fraud victimisation is evenly spread across age cohorts, with those aged 35-44 the most likely to fall victim to fraudsters (23%).
- The most frequently reported kind of fraud are “push payments” (40%).
- More than half of survey participants believe that their government gives no or only a low priority to fraud.
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