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As the cost of fraud is rising in the UK, Consumers face a huge psychological impact

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The UK is losing up to £375 million on average per day because of fraudsters who are out there looking at our bank details or card transactions to steal money from us through various means.

With fake websites pretending they offer cheaper rates than what your actual provider offers, many consumers can get tricked into clicking links that are actually viruses that contribute towards identity theft.

Skurio’s cost of fraud interactive slider proves that the daily cost of fraud is so devastating that consumers could have purchased over 136 million cups of coffee or even 990,349 smartwatches! How is fraud defined? Criminal activity is a serious issue and fraudsters are making it worse.

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