Frauds

Fraud prevention organisation Cifas said that facility takeover fraud had increased by a fifth in the first nine months of 2020, with this type of fraud typically peaking at Christmas.

An elderly couple from Staffordshire have been conned out of thousands of pounds by fraudsters posing as police officers seven days before Christmas.

https://www.expressandstar.com/news/crime/2020/12/21/investigation-launched-after-elderly-stafford-couple-conned-by-people-pretending-to-be-police/

A WARNING has been issued after over 100 reports of a fraud where scammers pretend to be police officers.

An internet fraudster from Kent who stole more than £1 million through used car sales scams, has been jailed.

A BARCLAYS fraud investigator stole his grandparents’ life savings and blew it on ‘gambling, escorts and holidays’.

The unprecedented events of 2020 have had a significant impact on the way cyber criminals have developed and administered attacks. Not only are we seeing the emergence of Ransomware 2.0, we're also seeing a continued explosion in invoice and payment-based business email compromise (BEC) fraud.

Onfido, the global identity verification and authentication provider, is today launching its Identity Fraud Report 2020, which reveals that the risk of identity fraud has increased significantly with attacks occurring more frequently since the start of the pandemic.

Some one in eight scams are 'loan fee frauds' when consumers are asked to pay an upfront fee, for a loan or credit that they never then receive.

MORE than £50m of devolved benefit payments may be lost to fraud and error this year, with more likely in future as uptake rises because of the Covid pandemic, Scotland's public spending watchdog has warned.

When it comes to digital payments, ensuring that all genuine transactions are processed smoothly while avoiding fraudulent ones can feel like a constant battle. As preventative technology evolves so does fraud, which is why constant vigilance is so important.