Counter-fraud

Make Confirmation of Payee More Available to Tackle Fraud, Payments Regulator Says

https://www.moneyexpert.com/news/make-confirmation-of-payee-more-available-to-tackle-fraud-payments-regulator-says/

Home buyers are being warned about a spike in scams which have seen victims defrauded out of hundreds of thousands of pounds.

https://propertyindustryeye.com/fraud-warning-as-home-buyers-targeted/

Home Secretary Priti Patel said the Government alone cannot tackle the rise in fraud as three new industry charters were unveiled with the aim of strengthening security.

https://uk.news.yahoo.com/patel-government-alone-cannot-fix-230100478.html

Finalists of the third year of the TECAs have been announced. All those that have been selected have been judged by an independent panel – appointed by the leading associations and anti-fraud groups – to have demonstrated commitment and outstanding performance in tackling all areas of economic crime.

https://thetecas.com/2021/10/06/2021-tackling-economic-crime-awards-tecas-finalists-announced/

Which? says action is also needed to prevent scams and ensure victims are treated fairly

https://www.which.co.uk/news/2021/09/can-the-new-159-anti-fraud-hotline-stop-impersonation-scams/

New Fraud Hotline Launched to Protect Consumers from Bank Transfer Scams

Consumers worried they’re being conned can now dial 159 to be connected to their bank and receive advice, in a new pilot scheme to tackle the epidemic of bank transfer scams.

https://www.moneyexpert.com/news/new-fraud-hotline-launched-to-protect-consumers-from-bank-transfer-scams/

A specialist police unit, the Dedicated Card and Payment Crime Unit (DCPCU), which targets the organised criminal gangs behind fraud prevented £85m being stolen in the first half of this year, according to UK Finance.

https://www.mortgageintroducer.com/uk-finance-85m-prevented-fraud-dcpcu/

Three in four fraud professionals back mandatory reporting about instances of the UK’s most common crime according to a new survey.

https://www.cityam.com/three-in-four-fraud-professionals-back-mandatory-reporting/

In the Royal United Services Institute’s (RUSI) recent report on the state of the UK’s fraud posture, The Silent Threat: The Impact of Fraud on UK National Security, the defense and security think tank succinctly concluded that fraud is considered “everyone’s problem but no-one’s priority.”

https://www.infosecurity-magazine.com/opinions/fraud-epidemic-arising-pandemic/#.YUuT7h6zr7I.twitter

Social engineering and authorised push payment (APP) scams have been on the rise. For banks this creates a litany of problems, including compromising customer trust, difficulty navigating repayment schemes, and the changing nature of these attacks.

https://www.finextra.com/the-long-read/256/five-behaviours-that-indicate-a-social-engineering-scam