Our Fraud Service is Needed Now More Than Ever

No doubt you’re aware of the Thrift Urban Housing fraud service that is now up and running. Our aim is to ensure fewer people become the victims of fraudulent schemes that have been set up to fleece people of their money. Oftentimes the victims are the elderly, but anyone in society could potentially be a victim if they are unaware of the dangers.

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Image courtesy of foxumon

Recently Cifas, a business focusing on fraud prevention, published their annual report – known as Fraudscape – containing the latest statistics in this area. Alarmingly, fraud was up by 25% in 2014 when compared to the previous year. What’s more, this only focuses on the instances of fraud that are reported and therefore recorded. Most of us are aware of cases where people have not reported what has happened to them. This is easy to understand as some people are embarrassed by what has occurred and they don’t want other people finding out about it.

How many frauds were reported in 2014 compared to 2013?

The figures from Cifas make alarming reading. The total number of frauds of all types that were reported in 2014 were 276,993. This compares to 221,075 the previous year – a rise of 25% as stated. It is quite a leap in the space of just 12 months.

Identity fraud was actually the most common type of fraud to occur. There was an increase of 5% in these types of crimes in 2014 compared to the previous year. However there was a sharper rise in victims over the age of 55 in this area, with a 15% rise in identity crime noted. However 18.1% of the total number of reported fraud victims were over the age of 60. This supports the fact that older people are perhaps more vulnerable in many ways. Indeed, 36.8% of victims are over the age of 51.

Getting educated

One area that was highlighted by the Fraudscape report is the need for us all to be better educated about the prospect of fraud. This covers every area from staying safe online to staying safe when answering the door to someone who has something to sell. Being aware of the methods used to try and defraud people is a big step in the right direction for anyone who wants to minimise the odds of being affected by fraud.

Here at Thrift Urban Housing we share stories about fraudulent behaviour on our website whenever we can. We have been able to assist people who have been caught up in scams and have ensured they are able to get the money back they have lost. Supporting them through this stressful and upsetting experience is something we are proud of – and something we hope others will see and take note of as well. Thrift Urban Housing’s fraud service is here to help those who are in need. If this includes you, please do get in touch. Alternatively if you know anyone who might benefit from using this service, do pass our details on to them.

Being aware of the different types of fraud around today

While identity crime is worrying and it is the most prevalent type of fraud in society today, there are other types of fraud that present themselves as well. For example doorstep fraud quite often rears its head for the elderly among us, since they are viewed as being more prone to this type of crime. We’ll be focusing on this type of fraud in more detail in a coming post.

Clearly, the more alert we are to the potential presence of fraud, the easier it is for us to prevent cases like this from occurring. This is one of the key targets our fraud service has in mind – to make more people aware of the risks and to ensure they are therefore less prone to falling victim to them.

Indeed, we would encourage more people to come forward if they are unfortunate enough to fall victim to a scam of some kind. It can be understandably embarrassing to fall into this situation. However, if it should occur you do still have a chance of getting your cash back if you were to report the incident. You also have the opportunity to help prevent others from falling into the same trap.

In short, we should all work together to make sure we can help reduce the instances of fraud that occur today – however they might happen.

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