Tom Tugendhat is Chairman of the Foreign Affairs Select Committee, and is MP for Tonbridge and Malling.
When Willie Sutton, possibly the most famous bank robber in American history, was asked why he stole from banks, he answered simply: ‘That’s where the money is.’
His phrase has since become widely used to say clearly that the obvious target may also be the best.Sutton died in 1980, but were he pursuing his criminal career today, he wouldn’t be a bank robber. He’d be a fraudster.
Sadly, the fact is that we are all increasingly vulnerable to small-time and big-time fraud. It has become an epidemic. We urgently need a solution similar to the way we found answers to Covid with the development of vaccines.
However, I fear that many of the solutions being put forward by politicians and banks won’t hit the mark. Rightly, thousands of police officers are being recruited…
