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The City of London has seen an increase of 24% in reports of cyber crime with email and social media hacking at the forefront of the problem for businesses and their people in the Square Mile.
Money lost due to cyber crime across West Mercia has dropped by more than half, it has been revealed.
Crime against households and adults, also including data on crime experienced by children, and crimes against businesses and society.
2018 saw an increase in the number (109%) and value (306%) of fraud cases that appeared in courts across the Midlands according to the latest KPMG Fraud Barometer.
The survey give context on the risks to UK society and how banks and financial institutions choose to respond. While financial firms’ fraud prevention strategies range from implementing the latest technologies to hiring financial crime professionals, the costs of fighting fraud are high and growing.
The report from payments platform provider Adyen found that retailers are increasing their efforts to prevent fraudulent transactions, with more than 75% of them saying they are prepared for fraud or have active fraud prevention systems in place.
According to fraud prevention service Cifas, the amount of Brits under the age of 21 who are falling foul of financial scams is on the rise.
The Institute for Criminal Policy Research (ICPR) at Birkbeck, University of London has been funded by The Dawes Trust to undertake research examining The Role of Professional Enablers and Money Launderers in the Facilitation of Organised Fraud in the UK.
More and more youngsters under the age of 21 are falling victim to money scams, according to the anti-fraud organisation Cifas.
The consumer group said its analysis of available figures found that more than 96% of crimes reported to UK body Action Fraud are closed without a successful outcome.
Midlands Fraud Forum Ltd. Reg.No: 06436330 Copyright © March 2014