Counter-fraud

  • 03 Nov 2023 1:26 PM | Anonymous member (Administrator)

    UK Finance today releases its half-year fraud report, detailing the amount its members reported as stolen through fraud and scams in the first half of 2023.

    https://www.ukfinance.org.uk/news-and-insight/press-release/criminals-steal-over-half-billion-pounds-and-nearly-80-cent-app

  • 28 Oct 2023 12:41 PM | Anonymous member (Administrator)

    Fraudsters stole £580million through unauthorised and authorised fraud in the first half of 2023, a two per cent decrease compared to the first half of 2022. As fraudsters continue to prosper, what preventative actions can financial institutions really take?

    https://thefintechtimes.com/industry-calls-for-collaboration-to-tackle-uk-fraud/

  • 28 Oct 2023 12:39 PM | Anonymous member (Administrator)

    Watch this webinar predicting what financial crime challenges will emerge in 2024 and how financial institutions can tackle them.

    • What financial crime trends were observed in 2023?
    • What is the fraud outlook for 2024?
    • How might the legislative regulatory landscape impact financial crime fighting?
    • What other tactics can financial institutions use to tackle their financial crime challenges?

    https://www.finextra.com/eventarticle/2779/scams-the-2024-fraud-outlook

  • 28 Oct 2023 12:38 PM | Anonymous member (Administrator)

    According to UK Finance, fraudsters stole £580 million in the first half of this year. And that figure could reach a billion pounds by the end of the year.

    https://www.itv.com/watch/news/the-billion-pound-fraud-problem-what-is-driving-the-issue-in-the-uk/vs5c79n

  • 19 Oct 2023 2:10 PM | Anonymous member (Administrator)

    Artificial Intelligence is accelerating an "arms race" in cybercrime, with hackers using the technology to attack all sizes of business, one of the police officers leading the battle against online fraud and theft has told Insider.

    Detective Superintendent Vanessa Eyles, who runs the Cyber Resilience Centre for the West Midlands, has warned that hackers are increasingly targeting smaller businesses, not only for their own money and data, but as a way of getting into their targets' supply chains.

    https://www.insidermedia.com/news/midlands/businesses-need-better-fraud-defences-in-ai-arms-race-say-police


  • 19 Oct 2023 2:07 PM | Anonymous member (Administrator)

    Tony Craddock, director general of the Payments Association, warned that “overzealous” regulations could bump up costs for payment firms and cause a “flight of e-money firms” from the UK.

    Speaking to City A.M. Craddock warned that a series of “well intended but misguided sets of regulations” risked eroding the City’s status as a leading hub of innovative payments.

    https://www.cityam.com/new-fraud-rules-risk-a-flight-of-e-money-firms-from-uk-payments-chief-warns/


  • 19 Oct 2023 1:08 PM | Anonymous member (Administrator)

    Not every fraud is the result of opportunism. There are many reasons – both overtly criminal and misguided but well-meaning – why people turn towards economic crime.

    https://www.icaew.com/insights/viewpoints-on-the-news/2023/oct-2023/understanding-the-mindset-of-fraud

  • 05 Oct 2023 11:10 AM | Anonymous member (Administrator)

    Whistleblowing complaints are growing in frequency all over the world and in all kinds of organisations.

    Governments around the world increasingly view whistleblowing as an excellent source of information in the drive to improve regulatory compliance and accountability. As a result, many jurisdictions now have, or are planning, legislation guaranteeing whistleblower protection in an effort to encourage more employees to come forward with evidence of wrongdoing.

    https://www.pinsentmasons.com/out-law/guides/global-whistleblower-protection-laws


  • 05 Oct 2023 11:00 AM | Anonymous member (Administrator)

    Fraud is the most common crime in the UK. Every MP will have constituents who have lost money to fraudsters, with more than £1.2bn stolen by fraudsters last year alone.

    https://www.politicshome.com/members/article/its-time-for-social-media-and-technology-companies-to-put-a-stop-to-fraud

  • 05 Oct 2023 10:55 AM | Anonymous member (Administrator)

    The Nottingham-based firm provides data and analytical tools to its clients around the world, helping businesses manage credit risk, prevent fraud, target marketing offers and automate decision-making.

    Its expertise and access to data will massively strengthen the Nottinghamshire Fraud Partnership’s ability to dynamically identify trends in fraud across the county, including the age and demographics of victims and perpetrators – so that fraud prevention measures can be targeted in the most effective way.

    https://uk.sports.yahoo.com/news/experian-joins-nottinghamshire-fraud-fighting-081609071.html

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