UK: Scams – Cost of impact on wellbeing calculated as £9bn a year
19 Oct 2021

The cost to scam victims’ wellbeing can be calculated at a monetary total of £9.3bn a year, according to the consumer group Which?.

That is the equivalent of £2,509 a year for each victim, but the impact can be higher for someone hit by online fraud.

By Kevin Peachey, BBC, 18 October 2021

Read more at BBC

RiskScreen: Eliminating Financial Crime with Smart Technology

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