Press release by BDO – Our Fraud Track report is in its 13th year – since 2003 we have been tracking all cases of reported fraud from publicly available sources.

This year, our analysis of UK fraud shows that the total value of reported fraud in 2015 was £1.5bn, an increase of 110% from the previous year, and the highest value since 2011.

This report, which examines reported fraud cases over £50,000 in the UK, finds that the total number of cases, however, fell by 5.2%, with only 519 reported cases in 2015 compared to last year’s 546 cases.

The average value of fraud meanwhile has risen 121% to £2.9m with some of the largest cases brought to court reaching over £250m.