Financial Scamming

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Financial scamming and its impact have been receiving a higher public profile in recent months, yet though it is a recognised as a growing problem, there is a lack of clear research and evidence into the scale of the problem, its causes and the impact on the public.

Financial Scamming is a growing problem that is now being recognised as a crime. The negative impact it has on individuals and society as a whole is gradually becoming clear as further research probes into the consequences and damage caused by financial scamming. It has already emerged that these criminals purposely target some of the most vulnerable people in our society, who sadly, are not always able to protect themselves.

The National Centre for Post-Qualifying Social Work and Professional Practice have been working in partnership with key national organisations and politicians to develop further research and raise awareness of financial scamming to develop a better understanding of this crime. We are working together to not only reduce the risk of financial scamming but to raise awareness to organisations and the public so that they too can join the fight against scamming.

This work is far from complete and we are continuing to research and develop our ideas and understanding. If you would like to contribute your thoughts or ideas please contact us. It is only via our collective efforts that we will be able to tackle this growing issue and we positively welcome your input and support.

Scamming Booklet Scamming Definitions Booklet 

Cyber Scams – Key Facts

This document provides a range of definitions of words and phrases used in relation to cyber scams, and discusses some of the key factors related to this form of scamming. These terms are in general use but are frequently used to describe different things. This is confusing and can even hide the true breadth, reach and impact of cyber scams on individuals and wider society. This document aids professionals, carers, and anyone in contact with potential or actual cyber scam victims.

Download Cyber Scam Booklet

Key Points


Scamming Booklet  Press Release Financial Scamming Blogs Financial Scamming Facts

Financial Scamming Blogs

Please click here to see a complete list of our financial scamming blogs

Guide to develop understanding of financial scamming launched at recent Parliamentary event
New taskforce launched to combat fraud across the UK
Safeguarding Vulnerable Adults from Financial Scamming
Tip of the iceberg – identifying older adults at risk of financial fraud
Ethical fundraising : Protecting vulnerable adults from aggressive fundraising techniques
Phone scams and ‘vishing’ on the rise – how to protect vulnerable older people
Protecting vulnerable older people from financial scams
Older people at risk of financial scams due to pension data ‘sales’

Financial Scamming Facts

Please click here to see a complete list of our financial scamming facts

Doorstep Scams in England (2014-2015)
The Most Prominent Doorstep Scams
The Office of National Statistics population predictions for the UK
Alzheimer's Society Predictions for the Population with Dementia in the UK
Predictions for People Over 65 Living Alone in England
Older adults are vulnerable to feelings of loneliness because of a combination of the following psycho-social factors
Dementia Care
Why do people respond to scams?
Victim Characteristics
The Doorstep Crime Victim Impact Survey

Our Campaign asks that…

1. All agencies, especially financial institutions should:
Recognise that consumers/clients with Dementia are by definition more at risk of being scammed. Therefore measures to protect this population group are required as part of a ‘duty to care’, and those with a diagnosis of Dementia have by definition a cognitive impairment which means that their potential ‘unwise decision’ is a result of their cognitive state rather than simply an unwise decision.
2. All organisations that hold personal data should:
Only share or pass on personal details and information to other organisations via a clear opt in as opposed to an opt out process. Data should only be held for a maximum of 12 months before permission needs to be sought again.

Recognise that the normal default position should be that charities do not share, pass on or sell personal details to help prevent ‘Suckers Lists’. The exception being to report a safeguarding concern to statutory agencies where there is a suspicion that the person(s) is/are at risk of harm or scamming and this information should be used in accordance to The Care Act (2014).

3. Citizens who feel at risk of financial scamming should be able to:
Formally notify their bank or building society in writing stating that they feel at risk and requesting that all transactions to new payees above a defined threshold (perhaps £1000) have a 72 hour delay before being processed.

At the start of the 72 hour delay period, an email/text alert is automatically sent to the customer’s nominated representative (relative/friend) stating that the customer is attempting to make a large transaction. This will give the opportunity for the proposed transaction to be challenged with a view to potentially stop it leaving the consumers account.

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