Hello, I'm Katie Balls and welcome to a special edition of Women with Balls, sponsored by Lloyd's Banking Group.

The pandemic has been a time where many of us have spent more time online than ever before,

which has in turn seen a boom and online fraud. It's estimated that scam adverts have tricked

almost one in 10 people on the biggest online platforms into paying for fake products.

In 2020, almost 150,000 online fraud cases were recorded, but losses amounting to a staggering 500 million.

For the scammers, they will do anything to convince you to key in your card details from COVID vaccine scams and using

celebrity clips to endorse a fake product to tech support scams. And this problem has shown no

sign of slowing down. So it might be a good time you'd think to talk about the online safety bill,

which may soon pass Parliament, except the current bill doesn't count online fraud as a type of harm

when it comes to certain

adverts. Here's what the business secretary, Quosicootang, had to say.

So when people talk about crime, they generally, I think crime fraud is really, really important,

but people are talking also particularly about burglaries, about personal injury, about

physical crimes.

And I think in that context, we're seeing lower crimes.

I think the Prime Minister was right.

So how can these problems be solved?

And could the government's online safety bill be an effective solution?

With me to discuss, is former Culture Secretary Nicky Morgan,

former chair of the Treasury Select Committee, now a member of the House of Laws where she is chairing a new inquiry into digital fraud.

Lucy Powell, the Shadow Culture Secretary for Labor, and Liz Ziegler, who is the retail bank fraud and financial crime director at Lloyd's Banking Group.

Thank you, ladies all, for joining me today.

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