The government has started up a cyber enforcement team and allocated more funds to the Trading Standards in an effort to reduce the amount of online scams.
Figures from OFT suggest that there are three million people involved in online scams every year within the UK, which costs the population around £3.5b per year. Most common are online scams that arrive as emails.
Over the course of the next three years the government plans to invest £4.3m in an attempt to reduce online fraud. The funding will be used to appoint specialist trading standards enforcers in every region of Wales, Scotland, and England as well as train new enforcers.
Scam websites and online ticket scams offer goods to interested consumers but receive nothing in return, which the new OFT teams will be focused on. They also will target serious cyber scams and continue to pass cases that have resolutions onto the police, investigative agencies, and the Organized Crime Agency.
Kevin Brennan, the consumer minister, stated that their investment will help the Trading Standards and the OFT activate their specialist teams by offering the technology and training required to take on these criminals.
In response to the growing number of cyber scams, the Government established the National Fraud Intelligence Bureau and the National Fraud Reporting Centre, both of which are run through the City of London Police. Also established is a unit within the MET called the Police Central eCrime Unit whose task is to take on large internet frauds.