Frauds

E-commerce has been part of the business community for a while now, but it has been growing faster than ever in recent years.

https://retailtechinnovationhub.com/home/2022/1/12/e-commerce-fraud-prevention-strategies-for-retailers

The Association of Investment Companies (AIC) has proposed that demanding standards should be set for funds that call themselves “sustainable” or make ESG claims.

https://londonlovesbusiness.com/fca-urged-to-take-action-against-esg-fraud/

Motorists who buy a car insurance policy from a so-called ‘ghost broker’ could be left uninsured - risking a driving ban and a criminal record.

https://www.yourmoney.com/insurance/ghost-broker-warning-for-drivers/

The fourth member of a scamming gang which targeted businesses across Cumbria has admitted his criminal conduct — and been warned he could receive a prison sentence

https://cumbriacrack.com/2022/01/13/man-who-helped-scam-14000-from-lake-district-businesses-admits-guilt/

Pensioners in Ayrshire have been targeted by phone scammers, according to police.

https://www.irvinetimes.com/news/19835412.ayrshire-fraud-pensioners-targeted-atm-scammers/?ref=twtrec

It has been revealed that almost £92 million has been lost via internet romance scams – and police are urging families of online daters to help protect their relatives.

https://cumbriacrack.com/2022/01/10/how-to-spot-romance-fraud-while-online-dating/

A council leader has appeared in court accused of election fraud.

https://www.itv.com/news/granada/2021-12-31/council-leader-pleads-not-guilty-to-election-fraud-charges

A fraudster posed as a Good Samaritan in order to steal thousands of pounds from an elderly lady.

https://westbridgfordwire.com/fraudster-good-samaritan-steals-over-6000-from-elderly-woman/

There is hardly anything that we can’t do easily over the internet, from booking a doctor appointment, organising the manicure to shopping and even applying for a loan. While we are using digital technology and the internet to improve our lives, cyber criminals are doing exactly the same. The development of digital technology, digital transformation of various businesses and our ever growing presence on the internet has allowed them to evolve their fraudulent activities to cause even more damage. For example, while you might use the ease of the internet to conduct your financial activities, fraudsters can use it to gain access to your personal information and use it to request a new credit card, apply for a loan or even pretend to be a loan company and exploit your trustworthiness. Fraud attempts like a payday loan scam can cause significant issues for the business as it can ruin their credit score and cause financial damage, but it also poses a great reputational risk as customers could lose their trust in that business.

https://londonlovesbusiness.com/the-best-ways-of-protecting-your-business-from-loan-fraud/

Two friends who fraudulently attempted to claim a £4 million lottery win after using someone else's debit card to buy the winning scratchcard have been jailed.

https://www.itv.com/news/granada/2021-12-15/pals-jailed-after-winning-4m-scratchcard-using-someone-elses-debit-card