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10 February 2023 / Jack Talbot
Issue: 8012 / Categories: Opinion , Fraud , Cybercrime , Technology
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The changing face of fraud post-pandemic

Will the UK authorities be able to lead the fight in combatting the fraud epidemic? Not without greater funding & better resources, says Jack Talbot

As the world emerges from the long shadow of COVID-19, like many countries, the UK is grappling to contain an upward trend in fraud. By its very nature, fraud is a shapeshifting creature of its time, and those committing it are almost endlessly adaptable in their ability to exploit new technology. Against a backdrop of high-profile ‘show’ trials, one might question whether the fight against fraud is really being won, as it is now the most commonly experienced crime in England and Wales.

So often, fraud is wrongly thought of as a ‘victimless’ crime. The findings in the ‘Fraud and the Justice System’ report produced in October 2022 by the House of Commons Justice Committee are arresting: beyond the economic cost, it has become the most commonly experienced crime in England and Wales, now accounting for more than 40% of all recorded crime. Fraud not only impacts individuals but also the overall economy,

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MOVERS & SHAKERS

Hogan Lovells—Lisa Quelch

Hogan Lovells—Lisa Quelch

Partner hire strengthens global infrastructure and energy financing practice

Sherrards—Jan Kunstyr

Sherrards—Jan Kunstyr

Legal director bolsters international expertise in dispute resolution team

Muckle LLP—Stacey Brown

Muckle LLP—Stacey Brown

Corporate governance and company law specialist joins the team

NEWS

NOTICE UNDER THE TRUSTEE ACT 1925

HERBERT SMITH STAFF PENSION SCHEME (THE “SCHEME”)

NOTICE TO CREDITORS AND BENEFICIARIES UNDER SECTION 27 OF THE TRUSTEE ACT 1925
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