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You can find the current article at its original source at https://www.theguardian.com/uk-news/2017/jun/30/online-costs-public-billions-but-is-still-not-a-police-priority-says-watchdog
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| Online fraud costs public billions but is still not a police priority, says watchdog | Online fraud costs public billions but is still not a police priority, says watchdog |
| (11 days later) | |
| Police forces are not doing enough to tackle the growing threat of online fraud, a public spending watchdog has found. | Police forces are not doing enough to tackle the growing threat of online fraud, a public spending watchdog has found. |
| The National Audit Office (NAO) said the issue was “not yet a priority” for all local police forces and the problem had been overlooked by government, law enforcement and industry. | The National Audit Office (NAO) said the issue was “not yet a priority” for all local police forces and the problem had been overlooked by government, law enforcement and industry. |
| The report said the overall cost of all forms of fraud in 2016 was £10bn to individuals and £144bn to the private sector, arising from almost 2m cyber-related fraud incidents. | The report said the overall cost of all forms of fraud in 2016 was £10bn to individuals and £144bn to the private sector, arising from almost 2m cyber-related fraud incidents. |
| The NAO’s chief, Sir Amyas Morse, said: “For too long, as a low-value but high-volume crime, online fraud has been overlooked by government, law enforcement and industry. It is now the most commonly experienced crime in England and Wales and demands an urgent response.” | The NAO’s chief, Sir Amyas Morse, said: “For too long, as a low-value but high-volume crime, online fraud has been overlooked by government, law enforcement and industry. It is now the most commonly experienced crime in England and Wales and demands an urgent response.” |
| He said the Home Office, while not solely responsible for tackling the issue, was the only organisation that could oversee the system and lead change. | He said the Home Office, while not solely responsible for tackling the issue, was the only organisation that could oversee the system and lead change. |
| The Home Office’s joint fraud taskforce, launched in February 2016, was a positive step “but there is still much work to be done”, he said. “At this stage it is hard to judge that the response to online fraud is proportionate, efficient or effective.” | The Home Office’s joint fraud taskforce, launched in February 2016, was a positive step “but there is still much work to be done”, he said. “At this stage it is hard to judge that the response to online fraud is proportionate, efficient or effective.” |
| In the year to 30 September 2016 there were 1.9m estimated instances of cyber fraud, or 16% of all crimes. | In the year to 30 September 2016 there were 1.9m estimated instances of cyber fraud, or 16% of all crimes. |
| The report said: “Fraud is now the most commonly experienced crime in England and Wales, is growing rapidly and demands an urgent response. Yet fraud is not a strategic priority for local police forces and the response from industry is uneven.” | The report said: “Fraud is now the most commonly experienced crime in England and Wales, is growing rapidly and demands an urgent response. Yet fraud is not a strategic priority for local police forces and the response from industry is uneven.” |
| The report said one idea being considered by the banking industry to tackle online fraud was to make the security codes on the back of debit and credit cards change every hour. | The report said one idea being considered by the banking industry to tackle online fraud was to make the security codes on the back of debit and credit cards change every hour. |
| “This is a positive step, as the redesign may help to stop an increase in online card fraud,” the NAO said. “However, such a plan requires all card providers to participate.” | “This is a positive step, as the redesign may help to stop an increase in online card fraud,” the NAO said. “However, such a plan requires all card providers to participate.” |
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