Fighting fraud in litigation
My colleague recently attended a workshop about fraud in litigation at the Civil Court Users Association (CCUA), where lawyers discussed concerns over courts' handling of identity fraud. After being debriefed about this session, it became clear to me that this is a big issue for the debt enforcement industry, and it’s time for us to consider solutions.
Can the UK economy cope with the rising cost of fraud?
Before the EU referendum, the University of Portsmouth’s Annual Fraud Indicator 2016 report estimated the UK economy is losing £193bn to fraud. The private sector’s impact is valued at £144bn, while the public sector is £37.5bn. In 2013, the National Fraud Authority approximated the country’s entire fraud losses at £52bn.