Counter-fraud

It is “sickening” that some have used the pandemic to commit fraud, Suella Braverman has said, as she promised Covid-related crimes will be prioritised by the Crown Prosecution Service.

As the Covid-19 pandemic continues, online gaming is more popular than ever, continuing a trend that started way before the current situation. Seen as a way to keep in touch with friends, there has been a surge in sign-ups to gaming platforms. However, this also means a potential increase in fraudulent activity, as gaming platforms keep multitudes of payment information on file.

GBG is working with with Near-Field Communication (NFC) technology provider InnoValor, to implement its ReadID technology into GBG’s identity verification and fraud prevention tools.

The Open Banking Implementation Entity (OBIE) has developed a new online tool to help firms gain additional insight into the maturity of their counter-fraud defences and help identify potential areas of improvement.

29 January 2021: With a high level of fraud predicted as a result of a COVID “perfect storm”, a new guide by ICAEW’s Audit and Assurance Faculty reminds auditors of their key responsibilities and highlights specific areas for discussion among engagement teams.

Following grim UK cybercrime figures, Weatherbys Private Bank has launched a new anti-fraud campaign to alert clients to the mounting sophistication of online fraudsters.

A report from the Rusi think tank calls for fresh approaches to how we think about fighting fraud

A new group aimed is launching today in a bid to reduce the number of victims of fraud in the North West.

Fears are emerging that a rogue state could use fraud to disrupt the UK financial system with calls for the crime to be prioritised as a national security issue.

The world was already embracing the digital age before 2020. Now, the pandemic has supercharged the process in the public sector, prompting the placement of an increasing number of services online. People are increasingly worried about visiting places where the risk of transmission of Covid-19 is high, such as enclosed spaces like public buildings, to access services. They also recognize the convenience of engaging digitally and are a lot more comfortable doing so.