{"id":9869,"date":"2022-12-15T09:21:34","date_gmt":"2022-12-15T09:21:34","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=9869"},"modified":"2022-12-15T09:21:37","modified_gmt":"2022-12-15T09:21:37","slug":"anyone-can-fall-victim-in-an-epidemic-of-fraud","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/12\/15\/anyone-can-fall-victim-in-an-epidemic-of-fraud\/","title":{"rendered":"Anyone can fall victim in an \u2018epidemic of fraud\u2019"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>The latest annual fraud report published by UK Finance stresses the need\nfor an urgent response to \u2018the epidemic of fraud\u2019 that the UK is currently\nfacing.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>The report reveals that \u00a31.3bn was stolen by criminals through\nauthorised and unauthorised fraud in 2021. In total, 56% of UK adults<sup>1<\/sup>\nhave received a suspicious communication or known someone who has in the last\nyear, which equates to an estimated 29.6 million UK adults being affected by\nscams last year.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Preying on the elderly<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Reportedly, scam victims aged over 70 lost about \u00a3977m<sup>2<\/sup> in\ntotal between April 2019 and 2022. Official figures fail to capture the true\nextent of such fraud because these crimes remain under-reported, especially\namong elderly people who live alone.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Cost of living<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>During the pandemic, criminals exploited victims\u2019 fears over\ncoronavirus. Now, the cost-of-living crisis has become a new line of attack.\nThe UK Finance report showed that authorised push payment (APP) fraud, where\nvictims are tricked into transferring money into scammers\u2019 accounts, leapt by\n40% last year. Such techniques are now being used to prey on people\u2019s financial\npreoccupations.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Tech effect<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Everyone, young or old, can be a victim of fraud. Indeed, under-25s\nare more likely to be defrauded on the phone than older generations. One study<sup>3<\/sup>\nfound the youngest cohort 75% more likely to have been scammed this way than\nthose over fifty-five.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Scammers are also seeing a growing opportunity in cryptocurrencies,\nwhich are not regulated by the UK&#8217;s Financial Conduct Authority. In the year to\nMay 2022, crypto frauds soared 58% to \u00a3226m, new research<sup>4<\/sup> has\nfound.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Don\u2019t suffer in silence<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Anyone can be a victim of fraud. We can help you protect your\nfinances.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Canada Life, 2022, <\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>2<\/sup>Action Fraud, 2022, <\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>3<\/sup>Truecaller, 2022 <\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>4<\/sup>NordVPN, 2022<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>The value\nof investments can go down as well as up and you may not get back the full\namount you invested. The past is not a guide to future performance and past\nperformance may not necessarily be repeated.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The latest annual fraud report published by UK Finance stresses the need for an urgent response to \u2018the epidemic of fraud\u2019 that the UK is currently facing. The report reveals that \u00a31.3bn was stolen by criminals through authorised and unauthorised fraud in 2021. In total, 56% of UK adults1 have received a suspicious communication or [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":9868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/9869"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=9869"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/9869\/revisions"}],"predecessor-version":[{"id":9872,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/9869\/revisions\/9872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/9868"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=9869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=9869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=9869"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=9869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}