Counter-fraud

Whistleblowing is becoming more accepted as a way for organisations to access internal information that can help leaders to minimise risks. Are you weighing up the possibility of implementing a whistleblowing system in your organisation? In this post we will share feedback from our work with customers to highlight the whistleblowing benefits that your organisation and its stakeholders may expect. We aim to describe the benefits from the perspective of different stakeholder groups.

https://whistleb.com/blog-news/whistleblowing-benefits/

Mastercard continues its spending spree, agreeing to buy Ethoca, a firm that helps merchants and card issuers collaborate in real-time to identify and resolve fraud in digital commerce. Financial terms were not disclosed.

https://www.finextra.com/newsarticle/33522/mastercard-to-buy-ethoca-to-reduce-fraud-in-digital-commerce

The Tackling Economic Crime Awards @theTECAs recognise and reward individuals, initiatives and companies involved in tackling different areas of economic crime

https://thetecas.com/

The insurance industry’s collective fight against fraud strengthened this week as Autonet Insurance joined the Insurance Fraud Bureau’s (IFB) membership.

How do you consistently hit a moving target? That’s the challenge facing fraud prevention teams as criminals set the sights on credit cards, current accounts, loans and other financial products.

https://www.techradar.com/news/why-machine-learning-is-vital-to-moving-one-step-ahead-of-fraudsters

Fraud worth more than three billion euros was discovered within the EU last year, according to the European Anti-Fraud Office.

What can businesses and users do to effectively defend against the attacks? Technology may provide the solution.

LONDON (Reuters) - An independent review is to look at whether accountants in Britain should check for fraud when auditing company finances so they could potentially spot problems that cause corporate crashes, the business ministry said on Friday.

https://uk.finance.yahoo.com/news/britain-look-whether-auditors-check-fraud-150934173--sector.html?soc_src=social-sh&soc_trk=tw

A system designed to better protect banking customers from authorised push payment scams that cost them nearly £150million in the first six months of 2018 will not be ready until next year, the head of UK Finance has admitted to MPs.

https://www.dailymail.co.uk/money/beatthescammers/article-6704155/Confirmation-Payee-help-prevent-bank-account-fraud-delayed.html

A government-commissioned review will examine how far auditors should go in detecting fraud at companies.