Fraud is running out of control. 40% of all criminal offences committed today are fraud-related, and of those, 70% involve technology. With a background in financial crime law, I have seen first-hand how fraud affects people’s lives, as well as the systemic weaknesses in how it is addressed. So, when I was asked by the government to conduct an independent review into the area, I understood the scale of the responsibility. My review, ‘Fraud in the Digital Age’, has now been published and sits alongside its counterpart, ‘Disclosure in the Digital Age’, published in March last year.
No silver bullet
The overarching purpose of my review is to drive down incidents of fraud. To do that, three main processes need to be improved: detection, investigation and prosecution.
Meanwhile, all of this must be considered within the context of the digital age. Technology facilitates the commission of fraud on a scale we have never seen before, with artificial intelligence (AI) programs
