Counter-fraud

“That could never happen here! Why would someone ever steal from our company? The internal audit people will catch it if someone tries anything. My co-workers are like family! I just can’t imagine someone doing that!”

Does this sound familiar?

It's the start of International Fraud Awareness Week and an opportunity for anti-fraud professionals and communities to come together to look at how far reaching the effects of fraud can be the ACFE

https://fraudweek.com/fraudweek/events

A fifth of adults have put themselves at ‘significant’ risk of internet fraud by oversharing on social media, according to a study.

In the wake of COVID-19, the Financial Conduct Authority chose to delay the UK deadline for implementing strong customer authentication (SCA) for e-commerce to September 2021.

Fraudsters tend to steal in similar ways. Here are six number patterns you can search for and possibly find hidden fraud. Learn from the acclaimed authority on Benford’s Law on how numbers can become your best friends.

n my previous blog I detailed how the Fraud threat landscape for cards has changed significantly, with a reduction in card fraud in some of the major markets as consumers are spending less; and spending online rather than at bricks and mortar retail sites.

During the Covid-19 national lockdown, criminals moved fast to use this unique set of circumstances to their advantage. Here’s how to protect your savings from fraudsters.

https://www.yourmoney.com/saving-banking/blog-how-to-protect-your-savings-from-fraudsters/

Nearly half of employees with coronavirus concerns have been ignored by employers over the past seven months, while a fifth of whistleblowers were dismissed for raising concerns.

https://www.personneltoday.com/hr/covid-19-whistleblowers-are-ignored-and-dismissed-by-employers/#.X5yCv-6RcvU.twitter

As I outlined in my previous blog, we have seen a rapid movement to card channel payments as cash usage has declined during the pandemic. In the UK, as early as April this year cash withdrawals had declined by 60% (according to the UK Government) - mainly due to a combination of people staying indoors and being unable to use cash for payments, as well as reports of the risk of virus transmission by handling cash (something that the World Health Organisation has advised may not necessarily be the case).

As Brexit’s final transition date edges closer, Britain’s businesses have warned that they are running out of time to make preparations for trade, should a no-deal be reached. At the same time, the government has warned that there will be a huge amount of red tape for businesses to contend with, whatever deal is struck. Put these factors of uncertainty and increased bureaucracy together and you have the perfect recipe for trade fraud to manifest itself and thrive. Jesse Chenard, CEO at fintech MonetaGo, looks at why the risk of trade fraud is higher than ever in the current climate and how technology could provide the solution.

https://www.finextra.com/blogposting/19458/brexit-uncertainty-creates-the-perfect-conditions-for-trade-fraud-to-rise-technology-has-the-answer