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UK account-hack losses surge as new reporting system exposes hidden cases
UK reported account-hack losses rose 417% to £6.3M in 2025-26, largely because the new Report Fraud system is capturing previously hidden cases.
The City of London Police's first annual assessment reported £6.3 million in losses from hacked accounts in the year ending March 31, up from £1.2 million, with victims rising from 226 to 2,325. The surge coincides with the January launch of Report Fraud, which replaced Action Fraud; 92% of account-hack reports with financial loss were recorded in the second half of the year. Cyber-dependent crime reports rose 34% to 64,608 while ransomware reports fell 25% to 323, which police warn may reflect underreporting.
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