KPMG’s biannual report identifies fraud trends across the UK in the first six months of the year.

Key points insofar as Scotland is concerned are that:

  • Although the total value of fraud cases appearing in the Scottish courts was £1.2m, the value of fraud cases had fallen in comparison with the same period last year.
  • That picture was consistent with the picture across the UK generally, with the value of alleged fraud in court in the first half of 2019 being more than £319m which was down from £345m in the same period in 2018.
  • KPMG also reported a 57% increase in the number of “account takeover” cases in court at the mid-point in the year, in which hackers and scammers obtained personal data allowing them to take over bank and credit card accounts. Last week, we reported on the Banking Protocol, a joint initiative between the police, banking institutions and Trading Standards which aims to intervene before fraud is completed. To read our update, please click here.
  • The key takeaway is KPMG’s report on the growing commercialisation of cyber-crime, with perpetrators advertising their services on the dark web.