Organised crime gangs are increasingly perpetrating fraud in the UK, with over 70% of these crimes traced to foreign groups.

Criminals are utilizing the Dark Web to offer their services, leading to a spike in international digital financial fraud.

Interpol's head, Jurgen Stock, has stressed the necessity of international collaboration to tackle these crimes which can be executed on a massive scale remotely.

Fraud now accounts for 38% of all recorded crime in the UK and has resulted in losses of £2.5 billion for victims.

The UK government and tech companies are collaborating to address the challenge posed by these cyber criminals.

Global law enforcement agencies are urged to improve their early warning systems to better predict and prevent future digital fraud threats.