Charity Fraud Awareness Week
As we emerge from the pandemic, charities and not-for-profits need to recover and flourish without fear of fraud. We can do this by working together.
Charity Fraud Awareness Week (18 – 22 October 2021) is an award-winning campaign run by a partnership of charities, regulators, law enforcers, representative and umbrella bodies, and other not-for-profit stakeholders from across the world. The purpose of the week is to raise awareness of fraud and cybercrime affecting the sector and to create a safe space for charities and their supporters to talk about fraud and share good practice.
All charities, NGOs and not-for-profits are at risk of fraud and cybercrime and should take practical actions to protect themselves from harm. Money lost to fraud and cybercrime cannot be spent on charitable causes which can damage valuable assets, vital services and reputations. A sector that is fraud aware and resilient helps to maintain public trust and confidence.
- Fraud is an increasingly common crime. One in thirteen people fall victim each year, with the internet believed to play a role in more than half
- Cybercrime is on the rise, exacerbated by the pandemic
- The average organisation loses 5% of revenue to fraud each year. About 40% goes unreported to law enforcement
- Over two-thirds of charities think that fraud is a major risk to them, but less than 9% have fraud awareness training in place
Charity Fraud Awareness Week aims to engage with
- Trustees, directors, board members, staff and volunteers
- Organisations that represent the interests of the sector and/or act as their voice
- Accountants, auditors, solicitors and insurers acting as professional advisors to the sector
- Regulators, law enforcers and policymakers working to safeguard the sector, and
- Anyone else who wants to protect the sector and the crucial work it does.
Find out more about the campaign by visiting https://preventcharityfraud.org.uk/awareness-week/