The UK on Monday unveiled a new three-year, anti-fraud strategy, pledging more than £250 million between 2026 and 2029 to fight the crime, including through steps to disrupt online scams with a new data-sharing platform. 

In announcing the strategy, the Home Office said that fraud cost the UK economy approximately £14.4 billion in 2023 and 2024, and accounted for 45 percent of all crime reported in the Crime Survey for England and Wales in the year ending in September 2025. The crime is driven in part by the expansion of technology, including the means to defraud people over the Internet, the office said. 

To address the issue, the UK government has committed £31 million toward the launch of a new Online Crime Centre (OCC), expected to begin operations in April under the direction of the Home Office and the National Crime Agency, with the input of the City of London Police. 

The OCC will bring together British policing, data from the UK intelligence community, and private-sector partners working in the financial, telecommunications, technology, and cyber sectors as part of an effort to accelerate responses to online fraud schemes and high-volume cybercrimes. Participants will share data and analyses and outputs are expected to help inform and coordinate law-enforcement actions. 

The strategy separately outlines plans to raise public awareness of fraud, help bolster cyber-resiliency for businesses, and support policing that more pro-actively identifies individuals who are at-risk for the crime. 

Read the strategy here