In brief

In brief

  • Growth in consumer fraud has been turbocharged by the pandemic with a 22.5% compound annual growth rate in reported incidents between 2019 and 2021.
  • For public safety agencies, this is a watershed moment. They recognize they must take decisive action to tackle perpetrators and reassure consumers.
  • Agencies must approach consumer fraud crime in a new way, pursuing a more intelligence-led, proactive and collaborative path forward.
  • To do that, change is needed across four pillars: ecosystem partners, citizen engagement, the public safety workforce, and technology enablement.


Consumer fraud has been growing steadily over the last decade. Growth in consumer fraud has been turbocharged by the pandemic as remote work and a greater reliance on technology were spurred by lockdowns across the globe. The evolving nature and escalation of consumer fraud is impacting more victims and resulting in financial and psychological harm. It’s also challenging the way public safety agencies operate today.

Public safety organizations understand the need to respond and are evolving their operations to keep pace with the fast-changing tactics of criminals engaged in consumer fraud. The question is: What’s the best way to move forward?

Today’s reality is that citizens in many jurisdictions are more likely to fall victim to consumer fraud than to any other type of crime.

We developed four models, based on consumer fraud in eight different countries, to forecast the likely increase in victim numbers, as well as growth in the direct and indirect costs of these crimes.

Drawing on our research, we identified four key pillars that pose significant barriers to change for public safety agencies as they seek to combat rising levels of consumer fraud. These same four pillars – ecosystem partners, citizen engagement, the public safety workforce and technology enablement – also reflect where the most productive opportunities for change can be found.

The volume crime of our time

Based on eight countries in our study—Australia, Canada, France, Germany, Italy, Singapore, the UK and the US – we found that fraud incidents grew at nearly 50% from 2013-2019, reaching US$89B. However, the total cost of fraud in 2021 hit US$143B, growing nearly 60% in just two years combined. Put simply, the growth in consumer fraud in 2020/2021 exceeded the total increase seen over the previous six years.

6.8%

Compound Annual Growth Rate (CAGR) in number of reported incident from 2013-19

22.5%

Compound Annual Growth Rate (CAGR) in number of reported incidents from 2019-21

Securing trust

Governments are increasingly recognizing that fighting consumer fraud is critical to building and maintaining public trust and confidence. And as they do, the costs are more than simply financial. Victims of fraud also often experience significant negative effects on their emotional wellbeing.

With governments recognizing that preventing consumer fraud costs less than resolving it, there’s growing momentum behind the need to act decisively. Those actions need to be coordinated across the four pillars we’ve identified to ensure maximum impact in three key areas of operational response, including:

Four pillars Accenture has identified to ensure maximum impact in three key areas of operational response, including: Collect intelligence and analyze, prevent and disrupt, investigate and detect.

Fighting fraud together

Consumer fraud presents a fast-growing challenge. The number of victims is increasing all the time, as are the losses and impacts on people’s wellbeing. Addressing this challenge requires more than legislation alone. There’s an urgent need for public safety agencies to adapt their processes for tackling fraud. The priority? Developing a holistic approach built around the four pillars of citizens, partners, workforce and technology.

Crucially too, given the scope of this challenge, it demands an ecosystem approach that reaches across government agencies, the private and third sectors and, critically, the engagement of the public themselves.

James Slessor

Managing Director – Consulting, Public Safety Lead


Lily Robinson

Manager – Strategy & Consulting, Public Service, United Kingdom


Sarah Berger

Manager – Accenture Research, Public Service

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