Fraud costs the UK around £20 billion per year and it is set to rise with the current economic climate. There are many types of fraud such as identity theft, credit and debit card fraud, benefit fraud and scams that defraud people, especially the senior citizen age group, out of money.
Identity theft, the adoption of someone else’s identity, usually occurs as the individual concerned either wishes to hide their original identity, or use the identity of the genuine individual for monetary gain. This is morally wrong as it is theft of someone else’s hard earned money.
Benefit fraud is particularly dishonest and morally very wrong, as it makes a mockery of both our welfare system, and genuine people who are actually unable to work due to illness or disability.
Credit and debit card fraud usually occurs when someone’s card, or cards, is subjected to ‘cloning’. This is when the card is copied with or without it’s associated Pin number and then used to either purchase goods or obtain cash either form an ATM or from a bank.
Again this is very distressing for the person who is subjected to this type of fraud as it can leave them without any means of obtaining cash whilst an investigation is completed. Worst of all it can adversely affect their credit rating.
Identity theft, the adoption of someone else’s identity, usually occurs as the individual concerned either wishes to hide their original identity, or use the identity of the genuine individual for monetary gain. This is morally wrong as it is theft of someone else’s hard earned money.
Benefit fraud is particularly dishonest and morally very wrong, as it makes a mockery of both our welfare system, and genuine people who are actually unable to work due to illness or disability.
Credit and debit card fraud usually occurs when someone’s card, or cards, is subjected to ‘cloning’. This is when the card is copied with or without it’s associated Pin number and then used to either purchase goods or obtain cash either form an ATM or from a bank.
Again this is very distressing for the person who is subjected to this type of fraud as it can leave them without any means of obtaining cash whilst an investigation is completed. Worst of all it can adversely affect their credit rating.
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