Category: Latest Fraud News

Hackers gain access to millions of customer details

Personal details of 2.4 million people vulnerable after Carphone Warehouse data breach. Hackers have gained access to the personal details of 2.4 million people after cracking into Carphone Warehouse’s systems, the company has admitted. It announced that the IT systems of one of its UK divisions were found to have been breached on Wednesday, having […]

Easyjet attendant ringleader of cigarette smuggling

An Easyjet flight attendant who led a cigarette smuggling gang has been handed a confiscation order for almost £350,000. HM Revenue and Customs (HMRC) found Easyjet worker Dennis Connolly, 44, of Southport, had organised over 130 smuggling trips for himself and five others, using discounted staff tickets to travel. The gang hid cigarettes and tobacco, […]

Fraud takes 5 percent bite out of business revenue

The world economy loses an estimated $3.5 trillion annually to fraud. Broken down based on gross domestic product, approximately 5 percent of annual revenue of U.S. businesses is lost to fraud, said Tim Bergsma, an accounting professor at Davenport University and an occupational fraud consultant. Davenport’s accounting programs include fraud examination and forensic accounting tracks. […]

Holidaymakers targeted in online scam

Internet fraudsters have targeted holidaymakers using a popular travel firm to steal their personal information. Scammers nicked the brand name of one of the most well-known internet holiday websites to launch the con. Expedia bosses confirmed an investigation has been launched after fears crooks had “unauthorised access” to customers’ details. Unsuspecting travellers received an email […]

Global action against online air ticket fraudsters

On 16 and 17 June an international law enforcement operation against airline fraudsters took place at 140 airports across the world, resulting in the detention and investigation of 130 individuals that were found in possession of airline tickets bought using stolen credit card details. According to statistics the most rapid increase in fraudulent transactions on […]

25% Jump in Cross-Border Fraud on UK Debit Cards in 2014

The percentage of fraudulent transactions occurring outside the UK in 2014 on UK debit cards rose 25 percent in a massive sample of cards studied by analytic software firm FICO. Fraudulent cross-border transactions accounted for nearly a third (31 percent) of all fraudulent transactions on 52 million active UK debit cards studied by FICO, up […]