Banks: Fraud

Lord Harris of Haringey Excerpts

Thursday 5th May 2016 Lords Chamber

[Lord Keen of Elie]

There is the question of our status, which banks are addressing, but I am not in a position to say how that is to be resolved.

[Lord Harris of Haringey (Lab)]

My Lords, I declare my interest as chair of the National Trading Standards Board, which works in this area. Can the Minister tell us what steps are being taken to deal with the problems that exist from the trading of victims’ lists—suckers’ lists—between scammers? The estimate is that there are several hundred thousand, primarily elderly, people whose names are on those lists and who are seen as soft targets by criminal gangs. Within the work that the noble and learned Lord has outlined, what steps are being taken to deal with that problem?

[Lord Keen of Elie]

I am obliged to the noble Lord. Action Fraud, which is the central reporting point in fraud and cybercrime, is liaising with Victim Support to address the problems for particularly vulnerable persons. That work is being taken forward under the cybersecurity programme.