Fraud epidemic ‘is now national security threat’
Industry News | 24/01/21
Fraud has reached epidemic levels in the UK and should be seen as a national security issue, says think tank the Royal United Services Institute (RUSI).
The scale of credit card, identity and cyber-fraud makes it the most prevalent crime, costing up to £190bn a year. UK intelligence agencies should play a greater role in responding, the RUSI argues in a report.
The report argues that the scale of fraud against the private sector has an impact on the reputation of the UK as a place to do business.
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