Counter-fraud

Police say reports of online shopping fraud have surged by 30% over the pandemic.

https://www.itv.com/news/tyne-tees/2020-11-23/police-warning-after-online-shopping-fraud-rises-by-30-in-pandemic

A fraud specialist sits at his computer, pondering the next move in his current investigation. Advanced analytics tools can provide the insight investigators need to work smarter and catch criminals faster.

New capability allows banks to utilise forensic fraud signifiers to automatically identify fraudsters and prevent online banking fraud

The UK government should start using network analytics to start rooting out the billions of pounds in potential fraud related to its coronavirus 'Bounce Back' loans, says Fico.

https://www.finextra.com/newsarticle/36953/fico-calls-for-action-on-bounce-back-loan-fraud

For over half of online businesses (55%) an increased risk of fraudulent payment transactions has been one of the greatest concerns during the Covid-19 pandemic. That’s according to international research from specialised payments platform Paysafe which indicated that concerns around fraud are more front of mind for businesses than ever after an unprecedented year.

“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.