Nearly £80 million will be lost to online fraud and scams over the 12 days of Christmas, according to new statistics from the Labour party.
Analysis by the party of national fraud and cyber crime statistics found that about £76 million could be lost over the 12-day festive period.
It comes as Labour criticised the delay in the parliamentary progress of the Online Safety Bill, accusing the Government of letting fraudsters and criminals off the hook. The party pointed to analysis of police force data, which found that on average there were 312 incidents of online fraud or cyber crime per day in 2019/2020 and 2020/2021 - with the amount lost to fraud equivalent to £6 million per day.
