IFB reacts to National Audit Office (NAO) report on tackling fraud and corruption against government

Jon Radford, Head of Intelligence, Investigations and Data Services at IFB, reacts to the NAO's fraud report.

“It’s of great concern to learn that the cost of fraud lost to the public sector has increased nearly four-fold to £21 billion in just two years following the pandemic.

“There is a danger that if the act of fraud is seen as a low priority for the authorities to tackle, this could result in more economic crime impacting the private sector.  

“Sadly, we are seeing more people and businesses turn to fraud because of the long-lasting economic impact of Covid and the cost-of-living crisis.

“Insurance scams cost everyone and put innocent people at risk, which is why we cannot tolerate fraud becoming socially acceptable.

“We are committed to collaborating with the government and financial sector to mitigate fraud risks increasing across the insurance industry.”