Counter-fraud

A fraud prevention hotline designed to protect people from being manipulated and scammed is receiving thousands of call every month, new data shows.

https://www.thisismoney.co.uk/money/beatthescammers/article-10684121/Dial-159-fraud-Scam-prevention-hotline-receives-75k-calls-six-months.html

WITH unprecedented levels of inflation, an ever-tightening squeeze on the labour market, and the cost of fuel and materials across all sectors spiralling at the moment, businesses are operating in an increasingly volatile and unpredictable trading environment. As firms come out the other side of the pandemic, there are challenges for business leaders and employers to grapple with as they get back on their feet again.

https://www.irishnews.com/business/2022/04/05/news/fraud-awareness-key-to-protecting-private-and-public-sector-2631680/?param=ds441rif44T

Young Brits are most likely to get scammed, with many victims losing huge sums of money to online shopping scams, pyramid schemes and rental fraud, a new report found.

https://uk.news.yahoo.com/scams-young-people-fraud-victim-cryptocurrency-which-000140441.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Millions of Brits are putting themselves at risk by ignoring warnings that bank account details do not match when making a transfer, according to research from Lloyds Bank.

https://www.finextra.com/newsarticle/39985/millions-of-brits-risking-fraud-by-ignoring-confirmation-of-payee-warnings

Millions of Brits are ignoring vital warnings that bank account details don’t match when making a transfer, leaving them at risk of scammers, a survey revealed.

https://uk.news.yahoo.com/millions-ignoring-crucial-warnings-when-making-bank-transfers-230137905.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

The government will invest £48.8mn in a new counter-fraud authority over the next three years to “step up” efforts against fraud and “recover millions of pounds”.

https://www.ftadviser.com/regulation/2022/03/23/govt-pours-48mn-into-new-counter-fraud-authority/

The Insurance Fraud Bureau (IFB) has announced that Zego Insurance has joined the organisation.

https://www.insurancebusinessmag.com/uk/news/breaking-news/zego-joins-the-insurance-fraud-bureau-399271.aspx#disqus_thread

The UK’s fraud watchdog has seen a spike in whistle-blowing reports during the pandemic, new research has found, with the number climbing to 150 in 2021.

https://www.cityam.com/fraud-watchdog-sees-spike-in-whistle-blowing-reports-during-pandemic/

Outgoing chief inspector of constabulary Sir Tom Winsor said the detection rate in fraud is “woefully low”.

https://www.expressandstar.com/news/uk-news/2022/03/10/fraud-must-be-taken-far-more-seriously-by-police/

From scam phone calls, text messages and emails, fake websites, falsified documents and fake insurance claims, fraud has become big business – and a big problem.

https://www.cityam.com/evening-interview-current-approach-to-750m-fraud-tsunami-is-like-taking-a-knife-into-a-gunfight-says-e-crime-guru/