Wow where did 2025 go?

2025 was an exciting year here at 3B Risk Group LTD and 2026 is looking like being a very busy year ahead.

As we sit here in the UK today, believe it or not, fraud is one of the only upward industries, coupled with the recent budget & much commentary around the fact that we are stunting any potential growth, we fear fraud may continue to grow for some considerable time yet, due to the rapid innovation and accessibility to technology, which enables fraudsters to operate at scale, with increased complexity. This is compounded by human vulnerabilities, a complex regulatory landscape, and as we know, policing is under resourced and reactive where fraud is concerned. A fraudsters paradise.

2025 saw a number of high profile fraud attacks on big high street names including Marks and Spencer, Jaguar Land Rover and CO-OP. The attacks cost those businesses hundreds of millions of pounds and massively impacted customer confidence in them. Many people focus on the financial loss yet the reputational damage can be far worse.

We saw the introduction of the Economic Crime & Corporate Transparency Act introduced with regards to the Failure to Prevent Fraud, so what does that mean and what do you & your organisation need to do. You can of course make contact with us for a free consultation. Remember.

The only defence to Failure to Prevent Fraud is organisations must show they had reasonable and proportionate fraud prevention procedures in place. In line with the six principles for these procedures: top-level commitment, specific fraud risk assessment, proportionate procedures, due diligence, communication (including training), and all of the above is monitored and reviewed.

We feel 2026, will be yet another mammoth year for fraudulent activity…….
But we also expect to see the Serious Fraud Office (SFO) punishing those that don’t adhere to the Reasonable Procedures, you heard it here first.