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More than £1bn fraud losses in six months

20th July 2010

New figures have found that fraud losses in the UK increased to over £1bn during the first six months of the year, which is almost the same as the whole of 2008.

These new reports come from BDO’s Fraudtrack analysis, which is based on all reported fraud cases of over £50,000.

The average value of a single fraud fitting into Fraudtrack’s criteria has increased to almost £6m, an increase from £5m the previous year.

The latest Fraudtrack analysis found that some sectors and regions were most at risk:

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