Counter-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.

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