What do we mean by scams and fraud
IPS stands up for the protection of individuals. (It’s in the name if you take a look at the logo at the top of the page). Scams which target individuals, use deception and dishonesty to extract something from the engagement. In the old days this was called a confidence trick and that “something ” was always money. Money is still the main driver, but these days there is indirect financial value to a criminal who acquires your personal data; they can profit from selling that data on to other criminals – which makes it harder to trace the crime, the criminal and where the money went.
You can be scammed on your doorstep or through your phone or computer. If it involves a computer connected to the internet then it becomes a Cyber Crime.
A respected report on this subject put the cost to the UK of all this fraud at £130bn in 2019. It’s definitely gone up since then and The Office for National Statistics say UK citizens are more likely to fall victim to fraud or cyber offences above any other crime. The National Trading Standards Scams team report that £10bn is the direct cost to individual citizens.
This is what IPS members want to fight against. We want to protect ourselves. We want fraud attempts to fail. We want fraudsters to go to prison – or at least find their schemes aren’t as easy as they used to be. No-one can do that alone. We need to work together to stand up to the criminals, and help the authorities clamp down on them.