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Thomson Reuters

Cyber fraud: how can it be tackled?

In an increasingly digitised world, the way in which fraud is committed is changing rapidly.

New statistics reveal that fraud is now the most commonly experienced crime in England and Wales, with 3.4 million incidents recorded in the year ending March 2017 – 57 percent of which were cyber related.

The methodology of fraud has evolved as a result of perpetual advances in technology – from digital devices to the internet.

This presents significant challenges for the Criminal Justice System, especially as fraud is now often committed across borders, and involves large corporate structures.

So, how will the criminal justice system manage cyber fraud?

Sadly, there is no quick and easy solution. However, our colleagues over at Thomson Reuters’ Business Crime Blog have a detailed analysis on the topic, and outline some interesting solutions, which are well worth a read.

What is clear is though is that as the complexity of fraud increases in an increasingly digitised world, the way that fraud is investigated and prosecuted will have to evolve so that evidence may be collected, analysed and presented at trial in a way that is comprehensible and fair.

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