Whilst there has been some concerns raised over the pilot it demonstrates how the City of London Police and others are thinking of how better to tackle the ever growing issue of cyber crime.
This pilot, if a success, will be a great demonstration of how the private sector can be brought in to collaborate and help ensure victims of financial crime are in a better position to be reunited with their lost funds.
In a pilot project by the City of London police, the lead force on fraud in England and Wales, officers will pass details of suspects and cases to law firms, which will use civil courts to seize the money. The force says the scheme is a way of more effectively tackling fraud – which is now the biggest type of crime, estimated to cost £193bn a year. It is overwhelming police and the criminal justice system.