In an increasingly cashless and digital world, it is important to equip the future generations to safeguard themselves against financial fraud. According to figures from the National Crime Agency (NCA), there were 3.7 million incidents of fraud in England and Wales at the end of 2022. Crucially, the NCA stipulates that 86% of fraud cases actually go under-reported, meaning that the scale of fraud is far greater.
Thousands of pupils across the UK will make the transition from primary to secondary school as they go into Year 7 this academic year, and most will be handling money for the first time by themselves. With the move towards a cashless society gaining momentum, managing money online or digitally can be both empowering and daunting for young people.
The first step towards doing that is to understand how a scam really works, followed by what you can do to protect yourself against it. To help parents and teachers educate young people about how to look out for scams, and spot and stop online financial fraud, nimbl has created these educational infographics.
Click on the links below to download and familiarise yourself with:
The Life-cycle of a scam – how a scam comes to be
And
5 Tips to spot and stop financial fraud
