The Impact of Fraud on UK National Security

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Fraud against UK citizens, businesses and the UK public purse has reached epidemic levels – it is the volume crime of our times.

This webinar will discuss a timely new research paper from RUSI considering the impact of fraud on UK national security. Driven in part by growing public disquiet over the current response to fraud, last year saw growing political attention to this matter. The prevailing political narrative, however, fails to convey the full impact of fraud on the UK, beyond the perspective of financial losses or the psychological impact on victims. Furthermore, continued under-resourcing of the fraud response means that political rhetoric fails to match operational reality. The response to fraud is seen as continuing to fail the individuals, businesses and public bodies that fall victim with increasing regularity.

To inform a new approach to tackling fraud in the UK, this new paper – a collaboration between RUSI’s Centre for Financial Crime & Security Studies (CFCS) and Organised Crime & Policing Teams – seeks to explore the broader social, economic, and criminological impacts of fraud and their intersection with the UK national security landscape. In doing so, the paper sets out the case for adopting a fundamentally different pathway for responding to the problem.

The paper will be presented by Helena Wood, Associate Fellow, RUSI CFCS, followed by a discussion with:

  • Amber Rudd, RUSI Trustee
  • Mike Haley, Cifas, Chief Executive Officer

The event with be chaired by RUSI CFCS Director, Tom Keatinge.

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