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FCA issues warning on investment scams following £197 million reported losses in 2018

The Financial Conduct Authority (FCA) is warning investors to be vigilant concerning the threat posed by investment scammers, with the latest data from Action Fraud revealing over £197 million of reported losses in 2018. Victims were scammed out of over £29,000 on average last...
Posted On 15 Feb 2019
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Fraudsters who stole £800,000-plus sentenced in wake of Action Fraud and Surrey Police investigations

Seven fraudsters have been sentenced in the wake of investigative work undertaken by Action Fraud and Surrey Police. The group, who stole more than £800,000 after targeting elderly and vulnerable people, were given jail terms ranging from 27 months to five years. Victims were...
Posted On 14 Jan 2019
Professor Martin Gill CSyP FSyI
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Fraud “not prioritised by the police” finds joint Perpetuity Research-Police Foundation study

New research conducted by Perpetuity Research and The Police Foundation has found that the police response to victims of fraud is “inadequate”. Despite fraud comprising up to 31% of all crime, and more than one third of victims reporting that the impact on them from...
Posted On 03 Dec 2018
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Home Affairs Committee warns of “dire consequences” without extra police funding

The Home Affairs Select Committee has urged the Government to prioritise policing in the Autumn Budget and the next Comprehensive Spending Review, warning that without any additional funding for policing, there will be “dire consequences” for public safety and...
Posted On 25 Oct 2018
Copyright: Superdrug
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Superdrug hacking episode signals need to move to “passwordless” society

Following the recent hacking episode suffered by Superdrug, Jesper Frederiksen (head of the EMEA region at identity management specialist Okta) has argued the incident shows that, despite living in the era of the requirement for General Data Protection Regulation (GDPR),...
Posted On 23 Aug 2018
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National Crime Agency awarded £8 million-plus in fight to tackle serious and organised crime

The National Crime Agency (NCA) has been awarded more than £8 million as part of the Government’s investment in the UK’s fight against serious and organised crime. As part of the Police Transformation Fund, the Home Secretary Sajid Javid has approved up to £70 million in...
Posted On 16 Aug 2018
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Latest Cifas statistics chart drop in identity fraud for first time since 2014

Cifas, the UK’s leading fraud prevention service, has released new figures showing that identity fraud has fallen for the first time since 2014. Cifas members recorded 84,463 cases in the first six months of the year, representing a 5% drop compared to the same period in 2017...
Posted On 16 Aug 2018
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Online criminals spoof university e-mail addresses in six-figure supply chain fraud

Action Fraud is issuing a warning as reports show that fraudsters are registering domain names to look like they belong to UK university e-mail addresses. UK and European supply companies are being defrauded out of vast sums of money as a result of this. Fraudsters imitating one...
Posted On 26 Jul 2018
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City of London Police reports £28 million lost by victims of cyber crime in past six months

The City of London Police, the national lead force for fraud which runs Action Fraud (the national fraud and cyber crime reporting centre), has revealed that cyber crime victims lost £28 million between October 2017 and March 2018. These latest cyber statistics are based on the...
Posted On 09 Jul 2018
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HMRC saves members of general public over £2.4 million by stopping fraudsters

Her Majesty’s Revenue & Customs (HMRC) has saved the public over £2.4 million by taking down websites that trick people into calling premium rate phone numbers for services that HMRC actually provides for free. Fraudsters had been creating replica versions of HMRC’s...
Posted On 06 Jun 2018