Money Box Live: Fighting Fraud
Money Box
BBC
4.2 • 825 Ratings
🗓️ 14 June 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
The UK is the fraud capital of the world with hundreds of thousands of victims and billions of pounds stolen every year.
Every minute of 2022, thieves stole £2300 from bank and credit card accounts. They took a total of 1.2 billion from nearly 3 million people. In this podcast, we discuss these figures by the banking trade body, UK Finance, and we speak to victims of fraud about the impact it’s had on them and the steps you can take to protect yourself.
On the panel are experts Kathryn Westmore, Senior Research Fellow at the Centre of Financial Crime and Security at RUSI, and Andy Donald, Director of Communications at UK Finance.
We'll also hear from an ex-fraudster about how criminals manipulate their victims intro transferring thousands of pounds.
Presenter: Dan Whitworth Producer: Amber Mehmood Reporter: Sarah Rogers Editor: Jess Quayle
(First broadcast, 3pm Wednesday 17th May, 2023)
Transcript
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| 0:00.0 | You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one. |
| 0:06.5 | I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds. |
| 0:11.2 | I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects, |
| 0:16.0 | relationships, identity, comedy, even one that mixes poetry, music and inner city life. |
| 0:22.4 | So one day I'll be helping host develop their ideas, the next fact-checking, a feature, |
| 0:28.3 | and the next looking at how a podcast connects with its audience, and maybe that's you. |
| 0:33.6 | So if you like this podcast, check out some others on BBC Sounds. |
| 0:39.5 | BBC Sounds, music, radio podcasts. |
| 0:43.3 | Hello and welcome to this Moneybox Live podcast. |
| 0:46.6 | In between the time it takes for you to listen to this podcast and the time we wrap things up in just under half an hour, |
| 0:52.5 | £64,400 will have been stolen from fraud victims right across the UK. |
| 0:58.9 | We know that number because the latest figures on the scale of the fraud epidemic afflicting |
| 1:03.3 | this country came out just a few days ago. |
| 1:06.2 | They show £2,300 is being stolen every minute from literally millions of victims. |
| 1:13.6 | So this podcast is all about fraud, how you can stop yourself from being a victim and what to do if the worst has happened and criminals managed to steal your money. |
| 1:22.6 | We're also going to be asking if the banks are doing enough to try to stop the problem, |
| 1:26.6 | how much technology companies and phone and internet providers are doing enough to try to stop the problem, how much technology |
| 1:27.9 | companies and phone and internet providers are doing or should be doing, and will get inside |
| 1:33.1 | the mind of a fraudster. What advice would someone convicted a fraud and sent to prison for it |
| 1:38.7 | give to people he now helps try to protect? I'm pleased to say I'm joined by two experts in this field to pick apart |
| 1:45.1 | the issues and answer your questions. Catherine Westmore, Senior Research Fellow in Fraud and Financial |
| 1:50.9 | Crime at the Royal United Services Institute, or Rusey, that's a defence and security think tank. |
... |
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