Frauds

It is an unfortunate fact but like time, money and land, attention is a finite resource. All too often one area of concern is emphasised to the detriment of another, creating an uneven balance that warps recognition of the broader risk environment. Dr Nikolay Gaubitch (pictured), director of research EMEA at Pindrop, noted how in the six years he has worked with the information security company, he has seen first-hand how neglected voice fraud attacks are as a consideration.

https://www.insurancebusinessmag.com/uk/news/technology/the-area-of-insurance-fraud-that-companies-ignore-at-their-own-risk-252748.aspx#.YH_fc8ju-jk.twitter

Some £1.8 million has already been lost to pension fraud this year, according to the UK’s scams reporting centre.

£1.8m already lost to pension scams this year, says Action Fraud (yahoo.com)

A victim of a push scam that caused her to lose £10,000 of her savings has received a refund from Halifax - of £1.27.

Halifax £10k fraud victim gets £1 back - FTAdviser.com

The Swiss bank's Greensill funds reportedly didn't just contain future receivables but also suspect invoices from steel magnate Sanjeev Gupta. It raises the specter that Credit Suisse has fallen prey to an alleged fraud.

Credit Suisse Fallen Prey to Supply Chain Fraud? (finews.com)

A former adviser convicted of pocketing clients' money has lost his appeal to overturn a six-year jail sentence.

Ex-adviser loses appeal to overturn pension fraud sentence - FTAdviser.com

Three individuals have appeared in court in connection with an investigation into a £13.7m pension fraud.

Regulator takes three to court over alleged £13.7m pension fraud - FTAdviser.com

Anyone claiming benefits or Universal Credit can have their social media and bank accounts overseen at any time, it has been reported.

DWP could monitor your bank account and social media activity if you are on Universal Credit or benefits - Essex Live

The Pension Protection Fund (PPF) has increased the 2021/22 fraud compensation levy on pension schemes to 75 pence per member, the maximum level allowed under current regulations.

PPF raises fraud compensation levy to maximum allowed level - Pensions Age Magazine

We reveal how an unlucky loveMONEY reader was conned out of his £800 deposit when looking for a new place to rent.

Rental fraud: how to spot a fake listing and what to do if your deposit is stolen (lovemoney.com)

The victims were contacted by fraudsters claiming to be from the police and a bank

Two 19-year-olds arrested after Warwickshire women scammed out of £30,000 over the phone - CoventryLive (coventrytelegraph.net)