The Metropolitan Police and Mayor of London should lead a London-wide campaign during 2015-16 to draw attention to the threat of online crime. According to a report by the Police and Crime Committee, the Met should identify a senior ranking officer to be responsible for mainstreaming cyber crime action across the whole of the force, […]
Category: Fraud Prevention News
5 cloud data issues exposed
Skyscape Cloud Services has released a white paper that looks to address the issues of data location and security. Skyscape state that while fewer breaches happen on cloud platforms, when they do – they make the news. One of the big concerns for the company is data which is stored offshore, with either US or […]
Four jailed in £20 Million money laundering case
Today (Monday, 16 March) at the Old Bailey four men were sentenced to a total of 21 years and two months after they all pleaded guilty for their involvement in laundering millions of pounds of criminal assets abroad. Abdullah Rahim 34, from Lewisham received six and a half years after pleading guilty to laundering nearly […]
Government earmarks extra £250k to tackle e-crime
Trading Standards awarded additional cash to crack down on copycat websites, phishing and online fraud. The government is giving extra funding to the National Trading Standards Board to help it crack down on copycat websites masquerading as legitimate government services which leave unwary consumers thousands of pounds out of pocket. A sum of £250,000 was […]
Make fraud detection part of your company’s DNA
Fraud can hit your bottom line, hammer your reputation, and scare off customers. But it is possible to minimise the risks. More control and more automation is the best place to start. This is because the complicated transactional nature of travel leaves it open to fraud. There are deposits, payments, cancellations, refunds, taxes, discounts and […]
How hacking is improving the world
It is easy to think about hacking in an entirely negative way. When the major film studios Sony Pictures was brought to a standstill over the release of “The Interview,” it was hacking that was to blame. Even something with relatively little technical sophistication, such as the nude celebrity image scandal, was attributed to this […]
US to Create New Federal Cybersecurity Agency
The United States is creating a new cybersecurity agency to sniff out cyber-threats and centralize threat intelligence for use by existing federal agencies. The White House counter-terrorism coordinator, Lisa Monaco, will officially announce the new center. While the National Security Agency, Department of Homeland Security, the FBI and the CIA all have cyber practices and […]
BVRLA & Hill Dickinson launch counter fraud initiative
BVRLA and Hill Dickinson are partnering to undertake an analysis of insurance claims fraud within the self-drive hire sector. Findings will be used to create a solution to manage future risk and support the detection and prevention of fraudulent claims. The initiative builds on previous analysis undertaken by Hill Dickinson in 2014 with the support […]
Ex-Chambers chief jailed for £3.3m inhouse fraud
A former finance director of Chambers Travel Group (office pictured) has been jailed for embezzling £3.3 million. Alan Cooper pleaded guilty to fraud charges at the Old Bailey and was sentenced to five years’ jail, following an investigation by the Serious Organised Crime Agency. Link to article
We need a national fraud and cyber-crime campaign
Cheap and easy access to the internet is changing the world and transforming our lives. While on a lunch-break at work or sitting on the sofa at home, we can now reach for our mobile phone, tablet, laptop or computer and swiftly and simply deal with the more mundane matters of life – banking, paying […]
Hang Up On Fraud
The Dedicated Cheque and Plastic Crime Unit (DCPCU) is this week launching a new campaign called Hang Up on Fraud. Latest intelligence shows that fraudsters are increasingly targeting consumers directly over the phone. The central message of the Hang Up on Fraud campaign is that ‘people are not always who they say they are’ – […]
Leading retailers collaborate to curb fraud
Home shopping brand QVC and Shop Direct, which owns Very.co.uk and Littlewoods.com, have signed up to a new initiative aimed at cracking down on customer fraud by sharing transactional data. The new scheme from Transactics, Trade, allows retailers to share and view real-time information related to customer behaviours, including order processing, identity verification, goods lost […]
Banks launch fraud campaign
The British Bankers’ Association has launched a fraud awareness campaign today and revealed millions are unwittingly leaving themselves vulnerable to scammers who pose as bank staff on the phone and online. Over the past year, This is Money has highlighted a series of such frauds and our investigations have helped win back thousands for readers. […]
Met Police launches anti-fraud and cybercrime unit
Fraud and Linked Crime Online (FALCON) was launched on Wednesday, although it first started work back in August, and will include more than 500 officers “dedicated to tackling cybercrime, acquisitive crime with an online aspect and fraud that does not have an online element.” The team will specifically deal with malware, phishing attacks, DDoS and […]
Could a device that reads your blood stop bank fraud
A new finger scanner that uses a person’s veins to verify their identity has been unveiled by Barclays bank. Consumer champion James Daley asks if the new technology could stop online hackers in their tracks. Last year, the British banking industry lost a little over £450 million in card fraud – a greater amount than […]
ABI confirms £11.7m investment in IFED
Police department will use the money to recruit more detectives. The ABI has confirmed that it will extend its funding of the Insurance Fraud Enforcement Department (IFED) for at least another three years. The £11.7m investment will allow IFED to expand its operations and hire more detectives to the 38-strong unit, which is dedicated to […]
Call clearing time to be slashed to prevent fraud
Criminals are exploiting the lengthy call clearing times to trap gullible victims. UK phone companies are modifying their networks amid increasing fraud in a bid to drop features that are exploited by cyber criminals. Link to article
Cyber crime prevention
UTTER the words “cyber crime” and many minds will conjure up an image of an awkward teenager, tapping away in their bedroom well into the early hours. But cyber crime can be much scarier than that. Threats today also come from criminal networks and foreign governments that deploy cyber weapons. Some of these assailants are […]
Police launch crackdown on fake retailers
The police are stepping up efforts to fight fraud involving criminals impersonating large UK food retailers. Link to article
Protecting your online information is easy
CIFAS – the UK’s Fraud Prevention Service (in collaboration with Dionach, the leading independent global Information Security company) today releases Protecting your online information: a quick and easy guide on how best to protect yourself and your data when online. Link to article