Fraud today is sophisticated, quick, frightening, clever, and global.

In Money Chill Out episode #1223, I sat down with Becky Holmes to discuss the future of financial fraud, why scams are becoming more effective, and what we can actually do to protect ourselves.

A few things that stayed with me from the conversation:

➡️ Many scams now start on social media: Marketplace scams, fake QR codes, impersonation accounts, fraudulent ads.

➡️ Romance fraud is one of the cruelest forms of fraud because it weaponises trust and emotion.

➡️ Fraud statistics are massively underestimated. Many people never report scams: • “It was only £100.” • “I’m embarrassed.” • “I should have known better.”

Even victims of £10k+ fraud often stay silent.

➡️ Scammers succeed because they create urgency and target what matters  ...