Frauds

The 2020 Identity Fraud Report, released by Javelin Strategy & Research, reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15 percent in 2019 to $16.9 billion even as instances of fraud fell from 14.4 million in 2018 to 13 million in 2019, which resulted in consumers facing $3.5 million in out-of-pocket costs last year as criminals shifted their focus from card fraud to opening and taking over accounts.

http://www.securitydocumentworld.com/article-details/i/16373/#.XsmO6_fPN-Q.twitter

The Food Authenticity Network has launched a COVID-19 Resource Base for Food Fraud to help combat threats to the food supply chain in the wake of the global pandemic.

https://www.fdiforum.net/mag/supply-chain/open-access-covid-19-resource-base-launched-combat-food-fraud/

Detectives have urged vigilance against an "emerging trend" of romance scams, with lockdown leaving lonely hearts particularly vulnerable.

https://www.yorkshirepost.co.uk/news/crime/romance-scams-have-risen-yorkshire-lockdown-leaves-people-more-vulnerable-2853922

Benefit officials have told the BBC they fear that as much as £1.5bn may have been lost in fraudulent claims for Universal Credit in recent weeks.

As lockdown eases, motorists returning to the roads have been urged to be wary of scam artists staging accidents.

WHILE a national crisis will often bring out the best in people, sadly there are some who will use it as an opportunity to take advantage of peoples’ vulnerabilities.

http://www.liphookherald.com/article.cfm?id=139880

Organised criminals will be exploiting loneliness during lockdown to take money from romance scam victims, a charity has said.

https://www.bbc.co.uk/news/business-52664539

The battle against fraud is one that the insurance sector is well accustomed to, but when a medical professional is struck off as a result it’s a reminder that the issue cannot be taken lightly.

https://www.insurancebusinessmag.com/uk/news/breaking-news/insurer-and-law-firm-see-medical-professional-struck-off-222556.aspx#.XsJugUTGgys.twitter

‘Crash for Cash’ is a term used to describe criminals who deliberately cause road traffic collisions for financial gain. By using dangerous and misleading driving maneuvers, fraudsters are known to lure innocent motorists into a collision, leaving shaken drivers appearing at fault and scammers in a position to make bogus insurance claims for financial compensation.

https://insurancefraudbureau.org/media-centre/news/2020/as-more-cars-return-to-the-road-motorists-are-urged-to-watch-out-for-crash-for-cash-attempts/

A man from Mozambique, who was residing in Southport, fraudulently claimed £121,000 in benefits over a 17-year period.

https://www.itv.com/news/granada/2020-05-14/man-jailed-for-benefit-fraud-after-fraudulently-claiming-121-000-in-benefits/