Counter-fraud

The government has received almost 1,900 reports of fraudulent use of its furlough scheme, according to new figures from HMRC.

In this podcast, Jamie Smith QC, Helen Evans and Hannah Daly review where we are with dishonest assistance and unlawful means conspiracy claims after Group 7 and Stobart / The Racing Partnership. A look, too, at insurers’ recovery options in the event that the insured is engaged in ‘naughty conduct’.

https://www.4newsquare.com/podcast/fraud-and-all-that-professionals-who-know-too-much/#.XtursA-5O_0.twitter

Practical applications for finding fraud in a business scenario

The Covid-19 outbreak has meant that industries across the board have had to adapt to different ways of operating while countries around the world are in lockdown.

Last week, the government launched its Test and Trace service, aimed at contacting those who may have come into contact with someone with coronavirus symptoms.

https://fullfact.org/online/test-and-trace-scam/

Digital identity and payments venture Nuggets has launched a solution which, it says, will help retailers tackle mounting fraud and chargebacks fuelled by the Covid-19 outbreak. 

https://retailtechinnovationhub.com/home/2020/6/1/nuggets-tech-tackles-coronavirus-chargebacks-and-fraud

The current crisis, with furloughed teams, remote working and management preoccupied with protecting the business, presents the perfect conditions for fraudsters.

As digitalization has transformed businesses the ever-present threat of fraud has grown exponentially. However, banks and their users are increasingly realizing that using chat platforms to manage and mitigate fraud offers them immediate and significant gains.

https://www.finextra.com/blogposting/18809/managing-fraud-through-chat-is-better-for-businesses-and-users

The coronavirus crisis has seen a rise in many different types of fraud, and while some authorities are prepared to give leeway on certain risk mitigation activities, businesses need to ensure they remain alert to current and future risks.

https://www.osborneclarke.com/insights/covid-19-leading-rise-fraud-economic-crime-risks/

Individuals need to be aware that they are now more vulnerable to fraud, particularly of the online type, which means that more vigilance is needed.

https://www.weightmans.com/insights/covid-19-the-increased-threat-of-fraud-and-how-to-deal-with-it/