GROWING FRAUD IN BRITAIN – Fraud is the fastest growing crime in the world due to the ease in which criminals are able to accumulate vast wealth.
In the United Kingdom fraud is estimated to cost over £30 billion a year and globally fraud cost in excess of US$3 trillion.
According to the video above if fraud were a country it would be the 5th most productive country in the world and out rank the likes of the UK, France and Canada.
Whilst most fraudsters will openly admit they commit crimes they often see themselves as something much more in that they have learned a craft that in some instances takes great skill, patience and a level of timing and tenacity very few individual posses.
Idle hands are the devils playground; it’s a common saying and one which surges into reality for many young fraudsters starting out.
We live in a very liberal society which has indoctrinated us into believing that criminals are more the victims of a society that provides little opportunity.
Our criminal justice system, many would acknowledge, is woefully inadequate in punishing criminals and even when all other avenues have been exhausted a criminal is often able to mock the system further with the cry of human rights abuse.
One of the key aspects in the video, regarding the youth, is that they feel they need to steal in order to survive; despite the fact that they are cared for by the welfare system that the taxpayer provides for.
It is astounding to think that some of our youths are walking the streets simply looking for the next opportunity to deprive someone of their possession instead of actively seeking gainful employment whereby they would be productive members of society.
But why fraud; why not engage in other types of crimes such as drug dealing? The answer here lies in the increasing risk to the exposure of violence. Gangland crimes in the UK are rife and it is nothing unusual to hear opposing gangs killing each other.
Fraud on the other hand provides a way to reduce such a risk and when executed properly a fraudster can walk in and out of a fraudulent operation without their true identities ever being revealed.
One of the most preferred methods of fraud is through the internet and again this comes down to the fact that fraudsters are very well adept at hiding their identities and allowing them easy access to other people’s identities and credit card information which are then used online to buy vast amounts of goods.
Identity theft is one of the fastest growing and most profitable crimes globally and yet despite the growth and vast amount of information to prevent becoming a victim many people fail to initiate any forms of security in order to protect themselves.
The video above is an extremely interesting insight into how fraudsters operate and even provides valuable information on how the general public can protect themselves.
Do you think the banks and government should do more to protect people against fraud? Leave your comments below.