Frauds

Pension fraud has been the third most commonly occurring type of financial scam during the Covid-19 pandemic, according to research from Canada Life.

Fraud impacts all financial service industries, and insurance is no exception. Those who get away with it are costing insurers millions, together with the added £250 million a year the industry spends tackling the crime.

https://businessnewswales.com/how-confused-coms-cyber-skills-prosecuted-a-ghost-broking-ring/

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/

Ryanair staff have told customers that the chargeback card-protection scheme is "a fraudulent activity" and could result in them being blacklisted by the airline in the future. But after MoneySavingExpert.com showed Ryanair evidence of this, the budget carrier said its customer service operatives got it wrong and that this is not its policy.

https://www.moneysavingexpert.com/news/2020/05/ryanair-staff-wrongly-tell-customers--chargeback-is-fraud--and-c/

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