Analysis

Cost of fraud set to ‘snowball’ in 2023

By 2023-01-11T12:39:00

snowball effects increasing

Counter fraud experts say that the continuing cost of living crisis and economic turmoil in the UK will increase the danger of opportunistic fraud

The poor state of the global economy at the end of 2022 was no secret - but as 2023 gets underway, Brits face continued predictions of a recession.

A report by Allianz Trade – published on 2 January 2023 – estimated that the UK economy would follow global trends and sink into a recession during 2023.

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