Frauds

TSB found that 51 to 65-year-olds spent by far the most money on their ‘relationships’, meaning this age group accounted for 46% of financial losses.

https://www.expressandstar.com/news/science-and-technology/2023/02/02/51-65-age-group-accounts-for-nearly-half-of-money-lost-to-romance-fraud/

The crime, known as ‘Courier Fraud’, has seen elderly victims hand over thousands of pounds in cash after being told they must cooperate with an undercover police investigation into their bank.

https://westbridgfordwire.com/nottinghamshire-residents-urged-to-be-vigilant-following-spike-in-courier-frauds/

Why trustworthy older adults are victims, and how we can help.

https://www.psychologytoday.com/gb/blog/bouncing-back/202301/10-tips-to-stop-elder-fraud-before-it-happens

Darren Rigden Partner, head of food and beverage at Crowe, shares how food fraud affects the food industry post-pandemic and the technological solutions

https://www.specialityfoodmagazine.com/retail/exploring-food-fraud-in-the-new-normal

Cybercriminals are increasingly using fake job ads to persuade jobseekers to share their personal information – and sometimes part with money – to secure their ideal roles

https://www.raconteur.net/risk-regulation/job-scams-fraud-hybrid-hiring/

Lloyds Bank has sent out a warning to customers after a rise in the number of ‘advance fee’ scams it has seen in the last year.

https://www.yourmoney.com/news/lloyds-bank-issues-urgent-warning-as-advanced-fee-fraud-rises-82/

According to research, on average, retailers receive around 16% of items purchased back as a return. The NRF (National Retail Federation) says retailers are losing around 10% of the price of returned items to fraud. It’s costing retailers billions globally.

https://internetretailing.net/guest-comment/guest-comment-fraud-as-a-service-the-underground-network-causing-havoc-with-retailers-return-policies/

As loved up couples prepare to celebrate their relationships on Valentine's Day, police have issued a warning to help protect people from romance frauds.

https://uk.sports.yahoo.com/news/lancs-police-warn-online-daters-163000507.html/

Back in 2002, the fraud losses related to eCommerce fraud on UK-issued debt and credit cards amounted to 28 million pounds. Decades later, that number continues to skyrocket, with the annual losses hitting 376.5 million pounds as of 2020.

https://www.finextra.com/blogposting/23292/how-to-reduce-online-payment-fraud-without-adding-too-much-friction

The trade is being urged to be on its guard as firms report increasing levels of fraudulent enquiries during the peak sales period.

https://www.travolution.com/news/travel-sectors/travel-agents/agents-urged-to-cooperate-with-anti-fraud-group-amid-epidemic-of-attacks/