Thanks to the Dedicated Card and Payment Crime Unit (DCPCU) there have been 67 arrests this year, preventing over £80m in fraud.
According to the DCPCU, the UK-based unit that specialises in banking and finance crimes, many of those arrested were involved in scams exploiting the Covid-19 pandemic.
Not only did the team make these significant arrests, but they also disrupted 24 organised criminal gangs and secured 49 convictions in the first half of this year. Working closely with social media and telecommunications partners they took down 125 social media accounts linked to fraud activity.
Highlights from the first six months of 2021 included a criminal who was sentenced to more than four years for sending out thousands of scam texts which harvested people’s personal and financial details by claiming to be from the NHS. Another success was the sentencing of an organised crime group which committed £1.2 million of fraud, and the jailing of a criminal who stole £172,000 from cash machines.
The DCPCU is made up of officers from City of London Police and the Metropolitan Police Service, and staff from banking industry association, UK Finance. It currently has more than 140 live cases, including 43 organised crime groups.
Detective Chief Inspector Gary Robinson, Head of the DCPCU, said: “Criminals continued in their attempts to capitalise on the pandemic by targeting people’s finances and anxieties, impersonating trusted organisations such as the NHS and government departments.
“By working closely with the banking industry and other partners, including the Crown Prosecution Service, we are continuing cracking down on those responsible for fraud.”
Katy Worobec, managing director of economic crime at UK Finance, said:
“Fraud has a devastating emotional impact on victims and the money stolen goes on to fund serious organised crime, including terrorism, human trafficking and drugs smuggling. The DCPCU is central to the industry’s efforts to protect customers from fraud, disrupting the criminal gangs responsible and providing a strong deterrent to potential fraudsters.”
To discuss cyber security and fraud prevention for your business contact the NEBRC team at: firstname.lastname@example.org