The Impact Of Fraud And The Importance Of Fraud Prevention

It is estimated that fraud costs the UK economy billions of pounds a year. This number is staggering when you consider much of this fraud is perpetrated on citizens like you and me. Fraud is often hard to prove and can be even harder to prosecute and in most cases, victims of fraud never recover what is lost. Fraud prevention is essential in protecting oneself, but it can be difficult. For some, the loss is minimal; a hundred pounds or less. For others, the amount can be significantly higher and much more devastating.

Identity theft is one of the most common, and most damaging, forms of fraud known today. Victims of this form of fraud face a long, hard struggle to clear their name; a struggle that may sometimes take years, even decades, to win. Even when the battle is over, there is no real winner. The victim often has to undertake lengthy legal battles and face personal ruin that can extend beyond the current account. Identity theft can destroy lives and often by the time it is detected, it is too late. The best way to win a battle with identity theft is to not allow yourself to become a victim in the first place.

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Ensure that your work computers are secure and have adequate fraud prevention software installed and working correctly.

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