Payments fraud is costing the average UK small business more than £4,500 a year. Small firms are losing £22bn every year to fraudulent transactions, research by Sage Pay has found. More than 40pc of the 1,124 UK business owners surveyed by the payment service provider experienced fraudulent activity in the past year, losing an average […]
Month: June 2014
Nine convicted in £70m boiler room fraud
Scam believed to be largest boiler room fraud pursued by a UK authority. Two men have been convicted for their roles in a £70m boiler room fraud, believed to be the largest case of its kind pursued by a UK authority. This brings to nine the number of people convicted in relation to the scam […]
Scam booking request
[mailto:sohbetnet@server.forumrisale.com] Subject: Booking Dear Sir/Madam Please i need your reply for the flight booking request below ECONOMY CLASSS ROUTH : HEATHROW – DALLAS – HEATHROW DEPART 24/07/2014 RETURN 30/07/2014 ANY AIRLINE PAX NAME : ECONOMY CLASSS ROUTH : DALLAS -HEATHROW – DALLAS Departure date: 08/06/2014 Returning date 22/06/2014 ANY AIRLINE PAX NAME : Thanks & […]
Warning to fans over World Cup scams
With a week to go until the World Cup kicks off in Brazil, police are warning football fans to avoid being scammed. They say they have seen a rise in fraud cases involving flights, accommodation and tournament tickets. One fan and his mates have told Newsbeat that they were offered a Thomas Cook staff discount […]
Ticket touts: don’t be a sell-out
A licence to print money. As the computer’s red light blinks in the dark, its owner starts another shift that will swipe him a five-figure sum by close of play. But there is no cash piled up in bundles next to the screen — all the money traded is online and almost invisible. This isn’t […]
Warning As 100 Online Fraud Cases Logged A Day
Loan seekers and bargain holiday hunters are among thousands being targeted by online fraud scams, authorities have warned. Official statistics reveal that 17,430 cases of online fraud have been reported in England and Wales so far in 2014 – an average of more than 3,000 a month or 100 a day. Online scams were the […]
How to spot red flags of possible fraud
Fraud in the finance function may take a variety of forms — financial statement fraud, misappropriation of assets, illegal acts, bribes, or violation of laws or regulations. There are many warning signs or red flags that indicate a pattern of fraud, and often these items are most visible to the finance department. Link to article
Public see fraud as stealing towels from a hotel room
Simon Douglas, director of AA Insurance said there had been an increase in people phoning the industry cheat line to report fraudulent claims. “They think it may be a victimless crime, but in fact it is not. Just motor insurance fraud alone is probably costing £50 on everybody’s premium.” Link to article
Top Summer Travel Scams
Tricky tickets: Received a letter promising free or steeply discounted airline or cruise tickets? Read the small print – and between the lines – for words such as “eligible” and “guaranteed to win.” These mailers are often sent by vacation clubs as a lure to attend a high-pressure sales presentation where you’re promised huge travel […]