The number of fraud reports made to Action Fraud, Cifas and UK Finance climbed by 6.49% in the past 12 months, resulting in an increase in losses of £20 million.
This is according to research by personal loan provider Fluro, which found that online shopping and auctions garnered 72,147 reports, with an average loss per person of almost £100.
Online shopping and auction fraud reports climbed by 55.68% year-on-year.
