Counter-fraud

Lloyds Bank has rolled out a fraud prevention system, dubbed 'the Rat', that uses behavioural analysis to spot crooks and freeze them out of victims' accounts before they can make off with any money.

https://www.finextra.com/newsarticle/34461/lloyds-sets-the-rat-on-fraudsters

Worried about contactless card fraud? Here's what you need to know

https://www.goodhousekeeping.com/uk/consumer-advice/money/a29122937/avoid-contactless-card-fraud/

The TM Forum recently released the 2019 edition of the TM Forum Fraud Survey, which set up to assess how fraud management (FM) practices are being implemented. Surveying 54 communications service providers from across the globe, the survey aimed to assess the impact of current fraud management processes, understand emerging risks and how CSPs are responding to new challenges related to the digital ecosystem.

https://www.vanillaplus.com/2019/09/19/48520-tm-forum-fraud-survey-finds-csps-underestimating-5g-risks/

Humans copy each other. It’s often said that if you want someone to be more comfortable with you, mimic how they sit or stand. Psychologists call this ‘mirroring’, but it doesn’t just happen during social gatherings. Seeing someone drop a bit of trash or cutting a traffic light gives us a slight nudge into thinking it’s okay. If they are doing it, maybe I can too.

https://thefintechtimes.com/fighting-fraud-from-the-top/

No matter how careful you are, it can be easy to fall victim to bank fraud – particularly, it turns out, if you are from Generation Y.

https://uk.finance.yahoo.com/news/how-millennials-can-protect-themselves-from-bank-fraud-050019521.html?soc_src=social-sh&soc_trk=tw

What are the best and most effective ways information security professionals can use blockchain technology?

North Yorkshire Police is urging people to have conversations about fraud and share their experiences to help reduce the numbers who fall victim every day.

https://www.yorkshirecoastradio.com/news/local-news/2946744/north-yorkshire-encouraged-to-say-something-about-fraud/#.XXKlPGcDv-A.twitter

The Company dominated news cycles from its inception in 2003 to its epic downfall beginning in 2015. Theranos, the blood-testing startup once valued at $9 billion, fell from grace after allegations came to light that its technology was a fraud.

https://www.fraud-magazine.com/cover-article.aspx?id=4295006794#.XXA4MQVP_vU.twitter#.XXA4MQVP_vU.twitter

UK-based Featurespace has won a major contract with HSBC, which has started deploying the company’s machine learning platform to help identify financial crime.

https://www.cbronline.com/news/featurespace-hsbc

Firms should look to cultivate a working environment within which their employees feel confident in raising concerns about potential failings or misconduct. Fostering the right culture is key in identifying and combating damaging behaviours. Employees should feel able to raise issues without fear of retaliation or being disadvantaged in some way, whether within their current role or with a future employer.

https://globalinvestigationsreview.com/benchmarking/the-practitioner%E2%80%99s-guide-to-global-investigations-third-edition/1179136/whistleblowers-the-uk-perspective