Counter-fraud

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

Major technology companies, including Google, Facebook, Instagram, Twitter, Amazon, Microsoft and TikTok have pledged £1 million to an anti-fraud campaign in the UK

https://www.finextra.com/newsarticle/38833/top-tech-companies-pledge-1-million-to-uk-anti-fraud-campaign

Data from the ONS indicates that online fraud rose by as much as 70 per cent during the pandemic, with the disruption of lockdowns and greater use of online services giving fraudsters new opportunities to strike.

https://www.essexlive.news/news/uk-world-news/five-things-you-should-straight-5935909?utm_source=twitter.com&utm_medium=social&utm_campaign=sharebar