Filter news by category
Search articles by keyword
Financial fraud rose by 30 per cent in the first half of 2021 resulting in losses of over £750m, according to the latest fraud report by banking trade body UK Finance, published this morning.
Financial crime, fraud and hacking soared during the pandemic as criminals took advantage of behavioural changes during three strict lockdowns. In fact, fraud and cybercrime jumped by nearly a third in the last twelve months.
Impersonation scam cases more than doubled in the first half of 2021 to 33,115, a finance industry trade association has said.
Criminal financial activity is on the rise with loan fraud rates at their highest level in more than three years according to new data.
New figures from the National Fraud Intelligence Bureau show a threefold spike in reported financial losses to fraud and cyber crime in the first six months of 2021
At the end of July, the Government announced it would scrap Action Fraud, the national gateway for triaging and allocating fraud complaints for police investigation. The decision is long overdue.
Online scammers used fraudulent SMS about Covid-19 vaccinations, lockout penalties, and missing delivery deliveries to defraud UK customers out of a record £479 million last year.
Lockdowns and restrictions in movement in England and Wales saw a surge in online shopping which led to “substantial increases” in computer crimes, according to the Office for National Statistics (ONS).
A poll by European law firm Fieldfisher revealed over 93% of businesses are uncertain or have no idea what to do if they fall victim to cyber fraud.
The volume of fraud cases heard in the Welsh courts has more than doubled in the first half of 2021 with the alleged value of fraud rising by 39% to £2.2 million compared to the same period last year.
Midlands Fraud Forum Ltd. Reg.No: 06436330 Copyright © March 2014