During the height of the pandemic in 2020, UK online fraud rose by a third according to a Which? survey, while EY estimates financial crime is costing up to $3.5 trillion a year in the US.
This has created an arms race in digital security. Online trust and safety are fundamental to governments, businesses and individuals interacting online. But as security measures advance, criminals are responding with new fraud tactics that are more sophisticated, and creative, than ever before.