UK Government: Social and Psychological Implications of Fraud – 2024
UK Government: Social and Psychological Implications of Fraud
Psychology of Scams
Authors:
• UK Parliament – Government of the United Kingdom
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
About This Article
Fraud poses a significant threat to the UK, with 4 in 10 offences targeting individuals. The government’s 2023 Fraud Strategy aims to combat this, emphasizing victim support and prevention.
While stereotypes of elderly victims persist, fraud risks vary due to psychological and social factors. Beyond financial loss, fraud inflicts emotional and psychological harm.
Victims often report fraud to banks rather than authorities. Effective prevention strategies involve education and enhanced victim care. This POSTnote underscores the multifaceted nature of fraud and the need for comprehensive, collaborative approaches to mitigate its impact on individuals in England and Wales.
