Frauds

40 artificial intelligence and data analytics projects announced to boost productivity and improve customer service.

New research finds many parents have insured their child’s car in their own name – known as ‘fronting’ – to save money

Financial analysts Experian have released their annual “Global Identity & Fraud Report”. As well as highlighting concerns, the report indicates that consumers are willing to share more data with companies if this means enhanced security.

http://www.digitaljournal.com/tech-and-science/technology/new-report-into-the-extent-of-identity-fraud/article/543395#.XGnaKAOq2KE.twitter

On Monday (11 February 2019), a ghost broker was sentenced for setting up fake companies and stealing the details of real companies to buy 10 fraudulent fleet insurance policies. The policies covered approximately 70 different vehicles, some of which had been involved in criminal activity.

http://news.cityoflondon.police.uk/r/1196/ghost_broker_jailed_for_providing_fake_car_insura

A woman has been sentenced to five years and eight months in prison after defrauding an elderly man with Alzheimer’s out of nearly £120,000.

Action Fraud, the national fraud and cyber crime reporting centre, is warning half term holiday makers to avoid fraudulent flight ticket sellers as they use new tactics.

https://www.actionfraud.police.uk/alert/dont-let-flight-ticket-fraudsters-take-off-with-your-cash

In two separate cases, both had been charged with claiming the reduction while failing to disclose excess capital in undeclared bank accounts.

https://www.cumbriacrack.com/2019/02/15/two-sentenced-after-admitting-council-tax-reduction-fraud/

Victims who have searched for flights online are being cold called by fraudsters purporting to be travel companies, Action Fraud said.

https://www.expressandstar.com/news/uk-news/2019/02/14/criminals-target-holidaymakers-with-fake-offers-of-cheap-flights/

Islanders are being reminded to remain vigilant when looking for love online this Valentine’s Day. Romance fraud is when someone creates a fake identity with the intention of entering into a relationship to steal funds or personal information from the victim.

https://www.itv.com/news/channel/2019-02-14/islanders-are-being-warned-about-romance-fraud-this-valentines-day/

Join Finextra, OneSpan and industry experts for our webinar on 12 March 2019 at 15:00 UK time as we discuss the four key components of protection against account takeover fraud.