Frauds

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.

As consumers prepare for one of the biggest shopping days of the year, Cifas, the UK’s leading fraud prevention service, is warning shoppers of the dangers of online fraud.

https://www.cifas.org.uk/newsroom/black-friday-2020

The impact of identity fraud could be reaching a 'tipping point', according to a new report from GBG.

https://www.pcr-online.biz/2020/11/26/identity-fraud-reaches-tipping-point-as-brits-flock-to-digital-services/

We all think it wouldn't happen to us, but criminals are using increasingly sophisticated techniques to steal our cash. Here, we talk to one victim who was tricked into sending more than £10,000 to scammers who impersonated her bank.

https://www.lovemoney.com/news/103202/app-scam-authorised-push-payment-scammers-pretended-to-be-my-bank?source=1000693