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680% rise in mobile app fraud transactions post-2015 unearthed by RSA study

RSA Security has released its Q1 2018 Fraud Report featuring an analysis of consumer fraud data from the RSA Fraud and Risk Intelligence team. The report offers a snapshot of the cyber fraud environment from ‘behind enemy lines’, showing that the number of fraudulent...
Posted On 24 May 2018
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“Fraud increasing in both cost and complexity for UK organisations” states PwC Survey

PwC’s latest study highlights that half of those UK organisations questioned have been the victim of fraud and/or economic crime in the last two years. More than half (51%) of the most disruptive crimes resulted in losses of over $100,000 (£72,000) compared to 37% globally....
Posted On 22 Feb 2018
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Action to combat online fraud “must favour customers” urges Public Accounts Committee

In its latest report focusing on cyber fraud, the Public Accounts Committee of Parliament recognises that Government accepts there’s still an “enormous amount of work” to be done to fight the fraudsters, with the Committee itself urging banks to shoulder more...
Posted On 07 Dec 2017
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KPMG Forensic: “Value of UK fraud breaks £1 billion barrier for first time in five years”

In 2016, the value of alleged fraud reaching UK courts broke the £1 billion barrier for the first time since 2011 due to a resurgence in so-called ‘super cases’. That’s according to the latest research conducted by KPMG Forensic. KPMG’s Fraud Barometer, which...
Posted On 29 Jan 2017
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“Scams and online attacks drive increase in financial fraud” reports Financial Fraud Action UK

Financial fraud in the first half of 2016 increased by a quarter to total a staggering £399.5 million, enabled by scams and online attacks. That’s according to new figures published by Financial Fraud Action UK (FFA UK). The good news is that banks’ security systems have...
Posted On 12 Oct 2016
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“Hundreds of bank accounts used to launder profits of cyber theft” reports National Crime Agency

Two individuals responsible for laundering millions of pounds stolen using the malicious software Dridex have been sentenced to a total of 12 years in prison following a joint investigation by the National Crime Agency and the Metropolitan Police Service. Over a two-year period,...
Posted On 12 Oct 2016
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Barclays Bank and Buckinghamshire New University schedule events to protect businesses from cyber fraud

Protecting a business from cyber fraud can be confusing. Knowing where to start – and even the simple steps to take in order to protect against the most common kinds of cyber fraud – can seem like an insurmountable challenge. Often, business owners don’t believe...
Posted On 29 Feb 2016
Peter Webster
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Have we reached the end of ‘The Thin Blue Line’?

Much has been made in the national media about the former Coalition Government’s austerity cuts to public services and, in terms of the security space, the Police Federation of England and Wales continues to be vocal in its opposition to the proposed reduction of police officer...
Posted On 23 Jun 2015
Cyber fraudsters have been stopped in their tracks thanks to a law enforcement operation co-ordinated by Europol
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International Europol operation successfully dismantles financial cyber fraud gang

On Wednesday 10 June, a joint international operation led to the dismantling of a group of cyber criminals active in Italy, Spain, Poland, the UK, Belgium and Georgia, the members of which are suspected of committing financial fraud involving e-mail account intrusions. The...
Posted On 11 Jun 2015
Cifas' Fraudscape report is the essential guide to UK fraud trends on an annual basis
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Recorded fraud up 25% and “increasingly organised” suggests latest Cifas Fraudscape study

According to the latest Fraudscape report published by Cifas, the UK’s fraud prevention service, incidents of recorded frauds increased by 25% last year. In total, there were 276,993 frauds recorded in 2014 compared to 221,075 in 2013. The single biggest threat continues to...
Posted On 26 Mar 2015