Question reference: S6W-14176
- Date lodged: 20 January 2023
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Current status: Answered by Keith Brown on 30 January 2023
Question
To ask the Scottish Government what estimate it has made of the value of money that has been lost through cryptocurrency scams and fraud in Scotland, and how many (a) charges and (b) convictions related to this there have been, in each year for which data is available.
Answer
The Scottish Government does not hold information on the amount of money lost through cryptocurrency scams and fraud in Scotland, and the data held for the Criminal Proceedings statistics is unable to separately identify any related charges and convictions which involve cryptocurrency. Collecting data on this subject is very challenging, with the Scottish Crime and Justice Survey (SCJS) highlighting that for most types of cyber fraud, a majority of victims did not report the incident to the authorities.
Scottish Government statisticians are continuing to develop the evidence base in this area. For example, the Recorded Crime in Scotland National Statistics now include analysis of cyber-crimes recorded by the police. In 2021-22 almost half (48%) of recorded fraud was estimated to have been online/through the internet, representing around 8,000 crimes. Whilst this will include incidents of cryptocurrency scams, these cases are not separately identifiable within the data. Work is also being taken forward to develop and incorporate a new module into the SCJS, which will allow us to estimate the volume of fraud and computer misuse experienced in Scotland, including those crimes not reported to the police. These new questions will include details of financial loss arising from cyber fraud. Users will be kept informed as to the development of this work, including when the first results are expected to be published.