Fraud is the most common type of crime – 38 per cent of all crime committed in England and Wales last year was fraud. It costs money, weakens our economic security and ruins lives.

Last night, I welcomed ministers from the G7 and Five Eyes countries, global law enforcement agencies, tech companies and industry partners to Guildhall as part of the government’s Global Fraud Summit.

Now fraud might not hit the headlines all that often, but that does not mean it is any less damaging to the victims. The government estimates that fraud costs society £6.8bn. That’s money saved by families for that special holiday or by a business looking to expand. Fraud is not a victimless crime, and we should not treat it as such.

https://www.cityam.com/fraud-isnt-a-victimless-crime-and-we-mustnt-treat-it-as-though-it-is/