Counter-fraud

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

Fraud should concern everyone in a business, but the ultimate responsibility for fraud prevention lies with management. It’s why good governance matters.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/how-to-develop-better-governance-around-fraud-prevention

BT Group and EE become the first telecom provider in the UK to offer Hiya’s call protection and identity to mobile and Digital Voice home phone customers

The Hiya Voice Security Network now protects one out of every three subscribers in the UK

EE is the first global carrier to take advantage of the Hiya and Ericsson partnership to quickly and easily activate Hiya Protect

In anticipation of long-awaited government proposals to reform audit and corporate governance, auditors are adopting new technologies to help detect and prevent fraud.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/using-audit-technology-to-address-fraud