Financial

The policy development update provides some information on recent and upcoming FCA publications but should not be regarded as comprehensive.

https://www.fca.org.uk/news/policy-development-update

Is the cryptocurrency a big fraud or wise investment?

https://www.standard.co.uk/business/bitcoin-on-trial-is-the-cryptocurrency-a-wise-investment-or-a-fraud-a3851171.html

With UK finance fraud losses standing at £618 million in 2016 (Financial Fraud Action UK), fraud is no laughing matter.

https://www.finextra.com/blogposting/15398/juggling-authentication-techniques-to-prevent-fraud-and-comply-with-gdpr

One month after TSB’s disastrous IT upgrades, customers of the UK bank are falling victim to fraudsters and phishing scams.

https://digit.fyi/tsb-customer-fraud/

TSB’s computer meltdown woes, which saw nearly two million customers locked out of their accounts, show no sign of abating as fraud reports continue to rise and the bank tells some companies that customers whose direct debit payments had failed, were dead.

http://www.thenational.scot/news/16253124.TSB_under_fire_over_telling_companies_customers_were_dead/

Banks and other financial firms have rejected over a million new customers and cut off 370,000 existing ones due to financial crime concerns, Britain’s Financial Conduct Authority said

https://uk.reuters.com/article/uk-britain-banks-cyber/uk-watchdog-tells-banks-to-fight-cybercrime-with-innovative-tech-idUKKCN1IN1BY

Hundreds of technology firms raising money in the fevered market for cryptocurrencies are using deceptive or even fraudulent tactics to lure investors.

https://www.wsj.com/articles/buyer-beware-hundreds-of-bitcoin-wannabes-show-hallmarks-of-fraud-1526573115

UK challenger bank Tandem has opened up a new front in the fight against fraud, by starting a two-way in-app conversation with users before blocking suspicious transactions

https://www.finextra.com/newsarticle/32142/tandem-initiates-fraud-conversation-to-relieve-the-hassle-of-blocked-transactions

A cancer patient has had her £29,000 critical illness insurance payout stolen, MoneySavingExpert.com can reveal, as yet more cases emerge of TSB customers being targeted by fraudsters in the wake of its IT meltdown.

https://www.moneysavingexpert.com/news/banking/2018/05/tsb-to-refund-fraud-victims-as-cancer-patient-has-29000-payout-stolen

A vet who was called by a fraudster pretending to be from TSB has told how she lost almost £17,000 in a matter of minutes, amid mounting concern that TSB customers are being targeted by conmen taking advantage of the bank's recent IT meltdown.

https://www.moneysavingexpert.com/news/banking/2018/05/i-lost-17000-from-my-tsb-account-after-fraudsters-call