Oral Answers to Questions
Gurinder Singh Josan Excerpts(4 days, 11 hours ago)
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Victoria Collins (Harpenden and Berkhamsted) (LD)
Gurinder Singh Josan (Smethwick) (Lab)
The Minister for Security (Dan Jarvis)
We monitor fraud trends very closely. Fraud is a growing transnational threat that requires urgent action. That is why the Government are developing a new fraud strategy, which covers better collaboration with industry, improved public awareness and improved collaboration with international partners.
Dan Jarvis
The hon. Lady is absolutely right to raise concerns; the numbers that she references are deeply concerning. Combating fraud and beating scammers requires raising public awareness, and I am grateful for the work that she has done on this. I can tell her that the Home Office is working closely with the banking, telecoms, digital and tech sectors to improve systems and share data faster with law enforcement. Over 60 stakeholders from across industry are involved in the development of our new fraud strategy. Public communications, targeted support for the most vulnerable and AI are key parts of our strategy.
Gurinder Singh Josan
The Government have outlined a clear ambition to make the UK a global hub for the crypto industry, to support our growth mission. Many of our constituents are already regularly engaging with crypto. What assessment has the Minister made of the crypto sector, and particularly of the steps required to protect consumers and investors while ensuring that we allow the industry to develop?
Dan Jarvis
Stability and security remain key to ensuring the health and growth of the UK economy; protecting investors and consumers is central to that. We are continually evolving our capabilities, including by working closely with industry partners to ensure that security is front and centre of the UK’s framework for the crypto sector.