The sharp rise in scams has been hitting the headlines globally, with criminals using a range of increasingly sophisticated tactics to take advantage of individual and organizational vulnerabilities.

The Federal Trade Commission reported US consumers lost $3.3 billion to fraud in 2020, with nearly $1.2 billion lost to imposter scams alone. The same effects are felt across the globe.

In this short video, Fraud Expert Roger Lester answers the question “why has there been such a big rise in financial fraud?”.

Featurespace are official supporters of International Fraud Awareness Week. Keep an eye on our dedicated fraud awareness page for more expert views from the team.