We need the support of overseas Governments and agencies and the co-operation of tech firms to prevent fraud from taking place on their platforms. My noble Friend Lord Hanson will be meeting tech firms next month to confirm what action is being taken. Working across Government, including with partners in DSIT and others, we will not hesitate to take further action where necessary.

He is right that the latest statistics show that there were 3.9 million incidents in the year ending September 2024—that is one in 15 people becoming a victim—which demonstrates the urgent need for action. The Government are taking action: the Home Secretary, the Chancellor and the Secretary of State for Science, Innovation and Technology recently wrote to tech and telecoms companies, urging them to go faster and further on fraud, and we expect them to do so.