Fraud accounted for 41% of estimated crime in the year ending March 2023 and it is believed that 89% of all fraud is cyber-enabled. With this in mind, it was important for Ifed to be part of the discussion at the ABI’s Fighting Fraud in a Digital World: Cyber-Enabled Insurance Fraud Roundtable event to discuss the issues and highlight Ifed’s work in this area. The NECVU has now been rolled out to all 43 police forces in England and Wales and vulnerable insurance fraud victims identified by Ifed can be referred to access this support. A digital elementIfed investigations do not buck the national cyber-enabled fraud trend, with almost every case having a digital element. With the continuing growth of cyber-enabled fraud – and the high percentage of fraud that is defined as cyber-enabled – it may now be that we need to stop referring to cyber-enabled fraud and just call it fraud.

Source: The Times September 20, 2023 11:51 UTC