Gov't, Firms Urged To Act As Scam Reports Jump 33%

Law360, London (July 15, 2021, 4:31 PM BST) -- Government, banks and technology companies must act to prevent people being conned, as new data shows a sharp rise in scams during the pandemic to more than 400,000 cases in 12 months, a consumer group said on Thursday.

Consumers reported a total of 413,553 cons to Action Fraud, a national center for fraud and cybercrime operated by City of London Police, in the year to April 2021, Which? said. This marks a 33% rise from the same period a year earlier and is estimated to have cost victims more than £2.3 billion ($3.2 billion), the group said.

Action Fraud's figures contrast with...

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