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.

Source: BBC