PWC's 2020 Global Economic Crime and Fraud Survey amassed financial fraud statistics from around the world, and estimated that the total combined cost of financial fraud stands at an eye-watering USD42 billion.
There are many forms of fraud, scams and financial theft. Three of the most common forms include:
There is plenty of advice online about how to spot a scam or fraud, and what action you should take if you are a victim of fraud.
There are several simple precautions you can take to avoid becoming a victim of a scam or fraud: