It’s come as no surprise that after sterling work done by the NFA (National Fraud Authority) which takes in to account many additional figures that have previously been precluded that we are faced with this huge figure.  It’s the UK’s first reliable and comprehensive estimate ever.  This recently launched group  has had the unique position of being able to work with most of the UK’s counter fraud community to come up with this estimate.  This vital figure will be used to develop clearer priorities to prevent, detect and deter fraudsters.  It still seems strange inspite of this huge number, that will probably get bigger before it gets smaller, many organisations are reducing the spend levels to tackle this effectively…  Who has the answer to this conundrum??