Wales is leading the way in tackling e-crime
WALES is leading the way when it comes to tackling e-crime, the nation's Counsel General has said.
Theodore Huckle QC, Counsel General for Wales, said the Welsh Government was working hard to combat e-crime through its dedicated team to support firms to fight against the problem.
Last night, he spoke to the international audience at the Cambridge Symposium on Economic Crime, which is being held at Jesus College, University of Cambridge, about how the Cardiff Bay administration is dealing with fraud and economic crime.
The symposium brought together ministers, legislators, senior officials, diplomats, judges, and other professionals from around the world.
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Mr Huckle said the economy was left counting the cost of fraud and said the Welsh Government had a series of messages in place to deal with economic crime.
He said: "Fraud costs the UK economy £73 billion per annum.
"This loss impacts on every part of society and is money that the UK economy can ill afford to lose. "It is important that the impact on the victim is not forgotten or underappreciated by those tackling economic crime.
"There are many aspects to modern economic crime which makes it difficult to tackle.
"The internet in particular increases the borderless nature of economic crime meaning that fraudsters are not limited by physical presence."
He added: "The Welsh Government is contributing to the fight against all aspects of economic crime.
"Due to the nature of e-crime, and its ability to evolve with technology, we feel in Wales that helping a business stay up to date and aware of the ever changing risk are critical factors in preventing businesses becoming victims.
"Wales is leading the way in this area and has been successful in its innovative approach to raising awareness and in its determined enforcement initiatives."
He said curbing e-crime would make a difference across the board.