Counter-fraud

Charles Taylor has launched its Specialist Investigation Services (SIS) division, which will provide an intelligence-led approach to countering fraud.

With 2020 seeing an increase in cybersecurity concerns due to the COVID-19 pandemic, partly due to the influx of people now working from home as well as an increase in the use of digital services, many are left wondering what 2021 will bring.

The potential for fraud has increased with the ongoing Covid-19 pandemic, as finance institutions having to work remotely creates the possibility of fraudulent activity.

LexisNexis Risk Solutions, a global data and analytics provider, has predicted what it expects the key fraud trends will be in 2021. Fraud evolved significantly in 2020, with fraudsters taking advantage of people’s fears and uncertainties around the Covid-19 pandemic. LexisNexis Risk Solutions predicts much of this behaviour will continue to evolve in 2021.

LexisNexis® Risk Solutions, the global data and analytics provider, today predicts what it expects the key fraud trends will be in 2021. Fraud has evolved significantly in 2020, with fraudsters taking advantage of people’s fears and uncertainties around the Covid-19 pandemic. LexisNexis® Risk Solutions predicts much of this behaviour will continue to evolve in 2021.

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Coronavirus has given fraudsters more opportunities than ever to cheat consumers out of their money.

Digital enthusiasts commonly portray a future in which technology has eradicated crime. Indeed, one of the most loved arguments for a cashless society is that without physical money criminals will be unable to operate, surveillance will protect good citizens that have nothing to hide, and people will be less likely to lose, misplace or be conned out of their hard earned pay.

Despite the many challenges that anti-fraud professionals have faced during the coronavirus crisis remote investigations, virtual due diligence and cross-border data collection and protection regimes to name a few fraud hotlines, our most effective anti-fraud measure, seem pandemic-proof.

GB Group, the Chester-based identification verification specialist, has announced the acquisition of Investigate 2020 subsidiary (HooYu Investigate) of HooYu Limited.

LONDON (Reuters) - Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus.