CoLP’s Annual Fraud Report reveals a 395% surge in AI-linked fraud, rising from 193 to 956 cases in 2025/26, with losses reaching £9.6M as criminals deploy deepfakes, cloned voices and crypto in investment scams

The assessment highlights a sharp rise in AI-enabled fraud, with reports citing AI increasing from 193 to 956 and losses rising from £1.2m to £9.6m. Investment fraud was the leading AI-enabled fraud type, with criminals using AI-generated videos, cloned voices and fake websites to create convincing scams. Cryptocurrency also remains closely linked to investment fraud and the movement of illicit funds. Meanwhile, victim support improved, with more than 180,000 victims receiving outcomes between January and June 2026, average processing times falling from 37 days to five days, and over 10,600…