Over 600,000 fraud reports in same period but only a 1 per cent increase in prosecutions recorded
The government must ensure police and enforcement agencies have the necessary resources to meet an increase in fraud offences, lawyers have argued.
There were 9,401 prosecutions for white collar crime in 2015, up from 9,343 in 2014, representing the first increase in five years.
Though the increase is relatively small, the figure remains significantly lower than the number of prosecutions five years ago, when over 11,000 prosecutions were brought.
The number of cybercrime prosecutions is also on the rise, with 61 recorded in 2015, up from 45 in 2014 - an increase of 36 per cent.