Over £600m was stolen by fraudsters in the first half of 2025

Fraud losses hit £629m in H1 2025, driven by new investment scams and record card fraud, as AI enables criminals to commit more sophisticated scams.

For the first six months of 2025, there were over 2m confirmed fraud cases, a 17 per cent increase, according to trade body UK Finance, as criminals stole £629.3m, a three per cent increase.

There was a rise in total losses, driven by larger amounts stolen through authorised payment fraud (APP), which rose 12 per cent to £257.5m.

Investment scams were pointed out as the primary driver, increasing by a massive 55 per cent to £97.7m. These now account for 38 per cent of total APP losses and have an average loss of more than 20 times that of a purchase scam.

AI enables fraud

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