This report from the UK think tank Demos, supported by Cifas, has found evidence that adults with cognitive impairments are more likely to be targeted or victimised by fraudsters.
Based on analysis of the Financial Lives survey, the report finds that people with a capacity limiting health condition such as acquired brain injury, learning disabilities or dementia, are far more likely to be harmed by fraud than the ‘average consumer’. The report also details the increased reliance of people with cognitive impairments on third parties such as friends, family and carers to help them deal with their finances. 27% of people with a health condition said they shared their personal details such as PIN or online account log-in details with someone they trust in the last 12 months, compared to 19% of people without these health conditions. The report recommends a number of measures that could better protect at risk people from fraud and financial abuse.Read Full Report