Counter-fraud

The UK financial services sector is examining ways to improve economic crime detection processes, in particular through the use of artificial intelligence. This comes with a number of benefits and challenges, explains UK Finance chair Robert Wigley.

Fighting fraud with AI | ICAEW

The structure of sheepskin made attempts to remove or modify text obvious, new research suggested.

Sheepskin may have been used in legal documents to aid fraud detection – study | Express & Star (expressandstar.com)

TransUnion’s latest quarterly analysis of global online fraud trends found that since the Covid-19 pandemic began, fraudsters are increasing their rate of digital schemes against businesses. In addition, TransUnion’s recent Global Consumer Pulse Study found that more than one in three global consumers have recently been targeted by digital fraud related to Covid-19.

TransUnion: More Than One in Three Global Consumers Targeted by Digital Fraud Related To Covid-19 | The Fintech Times

The “whack-a-mole” approach to protecting people from fraud when they are searching the internet is not working, Which? has warned.

‘Whack-a-mole' approach to stopping online scams is not working, says Which? - The Irish News

Nigel Iyer has channelled his accountancy and audit skills into fighting fraud for 25 years. He’d like to see more accountants do the same.

Why all accountants can (and should) become fraud detectives | ICAEW

Fraud is a growing threat to every type of organisation. Accountants can play an important role in helping organisations prevent and detect fraud.

https://www.icaew.com/insights/viewpoints-on-the-news/2021/mar-2021/could-invoice-fraud-affect-your-business

The technology that’s going to help fight against fraud

https://www.techradar.com/uk/news/continuing-the-fight-against-fraud-in-2021

Fraudsters aren't always bad people. So what drives people to step over the line and commit an economic crime? In the first of an ICAEW Insights series on economic crime, Craig Tully from tax investigation specialists Gilbert Tax Consultants outlines what drives people to commit fraud.

https://www.icaew.com/insights/viewpoints-on-the-news/2021/mar-2021/the-psychology-of-financial-fraud

Amid Covid, AI is more important than ever for fraud detection.

https://www.itproportal.com/features/the-place-of-ai-in-fraud-detection/

4 March 2021 – London, UK - Crossword Cybersecurity Plc (AIM:CCS, “Crossword”, the “Company” or the “Group”), the technology commercialisation company focused on cyber security and risk, today announced that, in addition to the Internet of Things security certification as announced on 25 November 2020, The IASME Consortium Limited (“IASME”), UK Government Cyber Essentials Partner, has selected Rizikon Assurance as the core platform to support a new Counter Fraud Fundamentals certification which has received government funding.

https://www.realwire.com/releases/IASME-Consortium-to-deliver-UK-Government-backed-Counter-Fraud-Fundamentals