Counter-fraud

Nobody wants to discover they’ve fallen prey to a financial scam. Some good news, though – people who have been tricked into transferring money directly to a fraudster now have a new safety net, which should mean they have a better chance of getting a refund.

https://www.sundaypost.com/fp/explained-how-new-safety-net-will-protect-fraud-victims/?utm_source=twitter

Online fraud is on the rise. According to trade association UK Finance, scams against online retailers totalled £265.1 million in 2018, up 29% on the previous year. However, retailers are increasingly arming themselves in the fight against cybercrime. Last year the sector spent 17% more on cybersecurity, found a recent survey by the British Retail Consortium.

https://www.essentialretail.com/features/fraud-prevention-beat-online/#.XQ5mnuO_Xng.twitter

Britain’s fraud capitals for scams involving fake romances, computer virus attacks, investment fraud and bogus tradespeople have been pinpointed by Which?

Following a successful pilot in London earlier this year, HSBC is set to roll out new technology to cut down ATM fraud.

https://www.punchline-gloucester.com/articles/aanews/new-atm-technology-reduces-cash-trapping-fraud-theft-hsbc

People in Sussex are particularly likely to say they have fallen victim to romance scams, Norfolk is a hotspot for reports of computer fixing fraud, and London is the capital of online shopping and investment cons, analysis from Which? suggests.

https://uk.finance.yahoo.com/news/live-fraud-hotspot-230100226.html?soc_src=social-sh&soc_trk=tw&guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvL2JjU3NjRW9BNEc&guce_referrer_sig=AQAAAAnrm5POoKf2Ueyzhz-AQ10xdgNDmlgKsNMfWGzotF0T6tVK4-I-hhgYMp9RcC3RXkdsw90sSATpvd04xvhHGW22F2Val4gsJqTt-ld5tban4kNIOrJXRfxMW7KZ3gcyrjvHvPy-zXD2IiKDUbSq92WHVO6X2r_RqdQ-nkTcuwL5

Millions of Brits have quit social media, changed email provider or moved banks due to fraud in the past 12 months, new research shows.

A ground-breaking milestone sees the UK’s Insurance Fraud Intelligence Hub (IFiHUB) go live, providing the insurance industry with a means to catch fraudsters and dramatically decrease the £2 billion+ annual cost of fraud.

https://www.itij.com/story/115630/counter-fraud-database-ifihub-goes-live

Platform goes live with eleven insurers and will hold industry data on suspected fraudsters and professional enablers.

POLICE have smashed a counterfeit train ticket gang feared to have cost transport authorities at least £18million.

Staggered Introduction of UK Anti-Fraud Checks May Distort Market, Industry Warns

https://paymentscompliance.com/premium-content/insights_analysis/staggered-introduction-uk-anti-fraud-checks-may-distort-market#.XPwAGvmbdAM.twitter