Fraud crimes have increased by 24% during the pandemic, according to home Office And Charters will see that banks, accountancy firms and telecommunications businesses commit to working with the government to stem the tide.
The plans include a pilot scheme to bring in point-of-sale bank authorization for mobile phone contracts; a cross sector plan to protect customers who are victims of a data breach; and crackdown on seemingly fake text messages from legitimate companies.
The Joint Fraud Taskforce, a body including members from government, the private sector, law enforcement and victim groups, is also being relaunched under the leadership of Security Minister Damien Hinds and will meet for the first time on Thursday.
Ms Patel said: “I am deeply concerned about the devastating impact of fraud on victims and I will not tolerate criminals loose their pockets at the cost of law-abiding citizens.
“Government alone cannot fix this, which is why the Joint Fraud Taskforce will bring together key business leaders to work in partnership to protect the public and combat this cowardly crime.”
All major high street banks have signed charters for the sector, which include a commitment to cracking down on the movement of stolen money and continually advising consumers on where to find support if they become victims of fraud.
UK Finance Chief Executive David Posting said: “banks Fighting frauds on every front, but the sector cannot stop all frauds on its own. Only by working closely with other key industries and the government can we combine our powers to make Britain a safe place to do business.”
The main mobile firms – BT EE, Sky Mobile, Tesco Mobile, Three, Virgin Media O2 and Vodafone – are signatories to the telecom charter, and 12 major accounting bodies have signed up for their territory.
Members of the public are encouraged to forward suspicious text messages to 7726, and report it to Action Fraud if they are the victim of a scam.