Counter-fraud

Even as biometric authentication becomes more commonplace as a secure option, it still faces the same security threats as other measures.

https://www.digit.fyi/25-of-uk-businesses-affected-by-biometric-fraud-in-2022/#.ZAG-SWltARo.twitter

UK Finance's Take Five to Stop Fraud campaign is aiming to raise awareness among the over-65s with a new 'scam bingo' game.

https://www.finextra.com/newsarticle/41893/eyes-down--remember-to-take-five-uk-finance-launches-scam-bingo-game

Changes in people’s shopping habits caused by the the cost-of-living crisis could create opportunities for fraudsters, according to internet safety website Get Safe Online

https://uk.news.yahoo.com/fraud-warning-cost-living-crisis-000100756.html/

Investors’ inherent recognition of a bad situation helped to thwart £2million in investment scam losses during 2022; latest regulator research indicates.

https://thefintechtimes.com/the-red-flags-of-investment-scams-are-becoming-more-obvious-fca-puts-forward/

The volume of Midlands fraud cases of more than £100,000 heard in courts in 2022 reduced year-on-year but the overall value rose substantially, according to the latest KPMG Fraud Barometer.

https://www.insidermedia.com/news/midlands/value-of-midlands-fraud-cases-rises-despite-fall-in-volume-kpmg

Due to the cost-of-living crisis, people across the UK are falling victim to fraudsters.

https://www.businessmole.com/global-investigations-on-preventing-fraud-in-times-of-economic-crisis/

Prevention of Fraud in Travel (PROFiT) wants companies to share more information

https://www.travolution.com/news/technology/travel-firms-urged-to-sign-up-to-anti-fraud-intelligence-hub-to-counter-organised-crime/

With the correct practices in mind, businesses can catch fraudsters early and avoid scams and fraud for good

https://www.openaccessgovernment.org/how-avoid-scams-fraud-best-practices-business/152696/

Criminals online are using Artificial Intelligence like ChatGPT to steal our money. If they exploit AI, so must we in our response and defence, writes Martin Rehak

https://www.cityam.com/if-scammers-exploit-chatgpt-for-fraud-our-response-to-digital-crime-must-also-use-ai/

Assessing materiality with regards to fraud is a more nuanced process than it is sometimes represented. So how do auditors interpret it for a given audit and how should it be treated within standards and regulation?

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/how-can-auditors-define-material-fraud