Four people have been arrested and £80,000 in cash seized following the suspected theft of £1m from two banks. Some customers had inadvertently downloaded software enabling their money to be siphoned off, police said. During raids at properties in Enfield and Islington on Tuesday, police also removed a live hand grenade. Two men, aged 31, […]
Category: Latest Fraud News
Fraud prevention key for businesses
According to a recent European Commission report, the UK had the second highest rates of online sales with around three quarters of consumers (71%) purchasing something online in the last 12 months. That compares to The Netherlands (which was top with 74%); Germany (63%); France (58%) and Belgium (44%). Link to article
98% of Top 100 Sites Leave Shoppers Open to Crooks
As the “Cyber December” holiday buying season gets underway, new research shows that only two of the top 100 e-commerce websites automatically protect users by directing them to highly secure HTTPS versions that use always-on SSL. Link to article
Commissioner speaks out on cyber security
“This is one of those areas where the corporate hairs on the back of your neck should stand up causing you to ask a lot more questions.” The City of London Police Commissioner, Adrian Leppard, is urging businesses of all sizes to seriously address the issue of cyber security within their organisations, before it is […]
More than 100 Britons hit by CryptoLocker
At least a hundred British individuals and businesses have been infected by CryptoLocker since September, according to UK fraud investigators. The UK’s National Fraud Intelligence Bureau (NFIB) said it had received 157 reports of CryptoLocker during the last three months through its reporting site, Action Fraud. That comes after the UK’s National Crime Agency warned […]
Public sector fails to tackle £20.6bn a year fraud
The UK public sector is poorly equipped to combat fraud, with civil servants not being given the necessary training to help detect the estimated £20.6 billion lost every to fraud, says big data analytics firm SAS. SAS says it has already worked with HM Revenue & Customs to reduce fraud losses by a claimed £7 […]
COLP to take over Action Fraud
The City of London Police is taking over responsibility for Action Fraud, the national fraud and financially-motivated internet crime reporting centre. The transfer is taking place as Home secretary Theresa May announced the closure of the National Fraud Authority, which was previously in charge of Action Fraud Link to article
Liquidators agree Goldtrail claims worth £400,000
Liquidators of failed operator Goldtrail Travel have agreed 117 claims totalling £429,662 – just a fraction of the money owed to creditors. Fifteen claims remain outstanding due to ongoing legal action, including a £25 million interim claim from the Air Travel Trust, which pays out to consumers under the Atol scheme. Link to article
New business crime strategy focuses on partnerships
The Mayor of London has published a draft document detailing his strategy for reducing business crime across the capital. The document is open for consultation over the next 10 weeks. It emphasises the key role of business crime reduction partnerships in London, and the need to support and extend them. Link to article
High-tech touts
The Great Monty Python Swindle: Tickets for their reunion sold out in 43 seconds. But then, as we reveal, it’s almost impossible for ordinary fans to beat today’s high-tech touts. Monty Python fans across the country sat down at their computers on Monday morning, credit cards poised, and awaited the chance to buy tickets to […]
Police hunt Romanian ATM thieves
Police hunt Romanian ATM thieves who are behind 90% of UK cashpoint fraud. British police are to hunt for the ‘Mr Bigs’ running Romanian gangs that are now behind more than 90 per cent of cashpoint thefts in this country, the Mail can reveal. Officers will work with their Romanian counterparts to target the gangsters […]
Get a Real Deal
Fraudsters are trying to sell you cheap, fake car insurance! Fake car insurance is being sold across the UK by so-called ‘ghost brokers’. Ghost brokers are fraudsters who target young drivers with ‘cheap deals’, issuing policies which aren’t worth the paper they’re written on. If you purchase a policy from a ghost broker, you may […]
Top 12 Christmas cons
Don’t let fraudsters ruin your festive fun with their top 12 Christmas cons The City of London Police, Action Fraud and Get Safe Online are warning consumers to take extra care when shopping for Christmas gifts online. Christmas is a time for celebration, a time to be with friends and family. Unfortunately it is also […]
Identity theft a rising threat
Nearly half of financial frauds being uncovered involve criminals trying to use someone else’s stolen personal details, a credit checking company has warned. Experian said that identity theft is a “significant and rising threat,” accounting for 46% of financial frauds detected this year, which is almost double the rate of just over one-quarter (27%) of […]
Fake ticket fraud
Hull family of 11 paid £7,500 for holiday in Turkey – only to discover at airport travel agent Ellen Harrison had given them fake tickets. A family of 11 turned up at an airport for their dream holiday only to discover the travel agent had given them bogus tickets and stolen their money. Travel agent […]
Retailers lose £3.4bn to retail crime
Shoplifting, employee theft and organised retail crime are on the rise in the UK. Shoplifting, employee or supplier fraud, organised retail crime and administrative errors cost the UK high street more than £3.4bn last year and represented 1.2 per cent of retail sales on average, according to the 2012-2013 Global Retail Theft Barometer. Link to […]
Internal fraud costs 3 times more than initial lose
CIFAS – the UK’s Fraud Prevention Service today releases The True Cost of internal Fraud, A report based on research conducted by the University of Portsmouth’s Centre for Counter Fraud Studies. The findings give organisations much food for thought. Link to article
Fraudsters convicted over fake job adverts
The National Crime Agency and the Metropolitan Police Service has convicted the UK’s first home-grown financial malware writer of fraud after an investigation into fake job adverts. Tyrone Ellis, age 27, was a part of a south London-based criminal network of six, which used malware to record keystrokes of people who applied to bogus job […]
No fraud found after hacking attack
Despite cyber criminals accessing details of more than 500,000 credit card holders last month, it is believed that many of the cards have expired or are no longer in use. The Clare-based marketing business Loyaltybuild, which has run rewards schemes for companies in Ireland, the UK, Scandinavia and Switzerland, was targeted in the attack in […]
Credit card holders’ details stolen in breach
The full credit card details of more than 376,000 people who took advantage of a customer loyalty offer have been stolen in a criminal attack. The personal details of 1.12m clients were also taken in the data breach at Loyaltybuild, based in Ireland. Link to article