The true scale of crime in Britain is far higher than previously thought because 85 per cent of fraud and cybercrime goes unreported, official figures have revealed for the first time. Figures from the City of London Police – which has a national lead on tackling fraud – showed an estimated 1.2 million crimes were […]
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The benefits of Bitcoin in travel
It comes as no surprise that airlines and travel companies are constantly looking for ways to lower their costs. By accepting payments in the digital currency bitcoin, an increasing number of online travel merchants and airlines are achieving just that. Most people are unaware of the costs associated with accepting card payments online, airlines often […]
Thousands fooled by fake Qantas giveaway
A fake Qantas Facebook page offering free first class flights for the rest of the year has fooled thousands of people. To win, all users have to do is like and share an image of a ‘complimentary invitation’ to Qantas’ First Lounge. Within 16 hours the offer had received 36,790 likes and had been shared […]
Appearing in Court
In the previous edition of this campaign we looked at completing a witness statement. This week we look at what might occur when are called to court. Remember that if you are involved in a criminal prosecution; you have given a statement that complies with section 9 of the Criminal Justice Act 1967; and the […]
Statements & Reports
Previously in part 12 of this email campaign we looked at some issues that you might consider when investigating a suspected fraud. In this issue we look at some things to consider when completing two formal documents that you might be required to complete in order for legal action to be taken. When you Might […]
Debt Recovery Options
Is it ever Worthwhile Recovering Money From A Fraudster? In this edition of the email campaign we look at whether it is ever worth considering recovering money from an employee that commits a fraud or attempting to recover money from someone who commits a fraud (such as through a chargeback) against your organisation. Read more>>
Upon Discovering A Suspected Fraud
You Suspect That a Fraud Has Occurred In part 12 of this campaign we looked at the basics of investigating a fraud and identified some of the things that you should consider. This email looks at some further things that you might need to contemplate when tackling an employee that you suspect has committed a […]
Counter Fraud Training
Why you need to train to protect your business As will be obvious from the email campaign economic crime is a complex and ever present threat. Without training your business is at a serious disadvantage compared with the fraudster, who only has to be lucky once, is organised, and who can bide their time and […]
Mitigating Fraud Losses
Why mitigate your fraud losses In addition to reducing the risk of economic crime by taking steps to harden your business against fraud attacks you can also mitigate the effects of some types of fraud attack where they cause specific harm. One option for risk mitigation is the transfer of risk. A common way of […]
Fraud and Terrorism
Why are we Linking Fraud and Terrorism? This week we are looking at the darker side to money laundering and fraud attacks upon your business. It has long been known that fraud in the travel sector has been linked to organised criminal gangs, what is not so readily understood is that fraud has also been […]
Key Management Checks
Why You Should Carry Out Key Management Checks? Internal Fraud comes in many guises. No organisation is safe from fraud and much of it is hidden. In this email we look at some key areas where fraud occurs and which are easily hidden and recommend some management checks that you can take to tighten up […]
Advanced Employee Checks
Why You Should Carry Out Advanced Checks On Potential Employees? We have looked previously about the very minimum basic checks that should be carried out when employing staff. Basic checks are designed to identify that: · the person is who they say they are, · the person is legal to work within the UK, · […]
Fraud Prevention Systems
7 Things to Consider when Purchasing a Fraud Prevention System If you organisation has been the victim of payment fraud and you are looking to purchase a fraud prevention system consider the following 7 steps. Read more>>
Know your client
Why You Should Check Out Your Client Know your Client (KYC) is arguably the most important aspect of the UK’s anti-money laundering legislative requirements and businesses that are required to comply with anti money laundering legislation must comply fully with them. However being sure who you are doing business with should form the basis of […]
Password Security
Password Usage Passwords underpin our personal and workplace security we use them everywhere. We have so many that it is difficult to keep track of them all. It is easy to forget to update your passwords; and when you do update your password, it’s difficult to come up with effective ones that we can still […]
Apple Pay Is Reportedly Being Used to Commit Fraud
Apple Pay doesn’t require a physical credit card. So fraudsters are apparently taking advantage of this and using credit card info stolen from retail breaches. Criminals are using Apple Pay to commit fraud by using credit card information stolen in breaches at Target and Home Depot, according to a report in The Wall St. Journal. […]
ID Fraud Drops for First Time Since 2010
Identity fraud reported by U.S. consumers dropped 3 percent in 2014, according to Javelin Strategy & Research’s just-released report, 2015 Identity Fraud: Protecting Vulnerable Populations. The report, now in its 11th year, is based on a survey of 5,000 U.S. consumers conducted last October. But while this decrease may sound promising at first glance – […]
Luxury hotel chain suffers credit card data breach
The Mandarin Hotel Group has confirmed that it is investigating a security breach at its hotels after receiving numerous complaints of fraudulent charges being made on its customers’ credit cards. The luxury hotel chain has two dozen hotels around the world in major cities such as London, Paris, New York, Barcelona, Hong Kong, Shanghai and […]
Fare dodger ordered to pay back £17,000
Mason, of Hatfield, Doncaster, in South Yorkshire, was sentenced to six months in prison suspended for two years. He has also been ordered to carry out 240 hours unpaid work and a 12-day restorative justice course at Sheffield Crown Court. The British Transport Police investigation began in autumn 2013 when East Coast Trains station support […]
Boiler room fraud gang made £1.5million
A fraud gang duped investors into buying diamonds for twenty times their value before using the £1.5m profit to fund lavish shopping sprees in Selfridges, Louis Vuitton and Harrods, a court has heard. Victims were allegedly lured into the ‘boiler room’ scam by ‘persistent and persuasive’ salesmen who told them the limited coloured stones would […]