Skip to main content

The Financial Cost of Fraud 2021

Crowe UK
Publication date
June 2021

For many organisations, fraud is a problem that can be tackled. The Financial Cost of Fraud report reveals that losses can be, and have been, reduced by up to 40% within 12 months. It is estimated that, were organisations in the UK to correctly measure and introduce measures to reduce fraud, savings of up to £55 billion could be made annually. This sum is greater than what the UK government has spent on defence in 2019-20. 

Read the full report for more on:

  • what the current cost of fraud is
  • data from around the world
  • types of income and expenditure and the nature of the figures
  • fraud and error losses
  • the position since COVID-19
  • our conclusions and recommendations.

Was this page helpful?