Frauds

Jenn Markey, Product Marketing Director for Identity, Entrust, discusses the core requirements of a ‘digital immunity passport’ both from an ethics and practicality perspective

Preventing fraud in vaccine passports (openaccessgovernment.org)

With the positive news around the rollout of the vaccine for coronavirus and a roadmap out of this crisis in place, you’d be forgiven for feeling that we are on our way back to something resembling ‘normal’.

Property market should be on high alert for fraud | Mortgage Introducer

REGARDING Charlie Kerr’s view that, “re-assessments, carried out by medical practitioners, should be made of everyone claiming disability, so that those who really need it might get a little more while those abusing the system would be found out and deprived of payments to which they may not be entitled” (Long Letter, March 13).

Benefit fraud is rare and DWP disability assessments cause real harm | The National

A Guardian Seascape analysis of 44 recent studies of more than 9,000 seafood samples from restaurants, fishmongers and supermarkets in more than 30 countries found that 36% were mislabelled, exposing seafood fraud on a vast global scale.

Revealed: seafood fraud happening on a vast global scale (msn.com)

A woman from London has been sentenced after attempting to defraud her insurer through a fraudulent life insurance claim worth £397,153.

CHEATING DEATH: Wife sentenced after faking husband’s death for insurance claim worth nearly £400k | City of London Police (cds.co.uk)

Organised crime gangs are increasing their attempts to defraud elderly and vulnerable people in Shropshire, with some victims handing over thousands of pounds.

https://www.shropshirelive.com/news/2021/03/12/courier-fraud-gangs-target-vulnerable-people-in-shropshire/

The Insolvency Service has warned that scammers are approaching consumers falsely claiming they can recover lost investments.

https://www.yourmoney.com/investing/investors-warned-about-approaches-to-recover-lost-funds/

The Fraud Compensation Fund could begin processing cases through to settlement within 12-18 months, a meeting of the Transparency Task Force was told this week.

https://www.ftadviser.com/pensions/2021/03/10/pension-fraud-fund-to-start-processing-cases-within-18-months/

STA, 9 March 2021 - Slovenian police have arrested three of the five people they suspect were involved in a racket known as CEO fraud, a scam in which criminals impersonate executives to fool employees into making unauthorized wire transfers. The fraud was perpetrated mostly in the UK, while the money was laundered in Slovenia.

https://www.total-slovenia-news.com/business/7912-3-of-5-suspects-arrested-in-uk-linked-ceo-fraud-case

Faster payments is the fraudsters’ preferred method of payment as the money arrives almost immediately in the payee’s account. To receive that payment therefore, the fraudster has to open a bank account. The current dysfunctionality is each bank holds the client’s information in confidence and does not share insights on risk on that account to other banks.

https://www.finextra.com/blogposting/19989/a-rude-awakening-fraudsters-are-now-fearless