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Finalists announced for inaugural Tackling Economic Crime Awards

The finalists in the inaugural Tackling Economic Crime Awards (TECAs) have been announced. Recognising the valuable contribution in tackling all areas of economic crime, the TECAs showcase the very best companies, individuals and initiatives that the sector has to offer and...
Posted On 03 Oct 2019
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“Criminals steal £500 million through fraud and scams in first half of 2018” reports UK Finance

New data from UK Finance shows that a total of £503.4 million was stolen by criminals through authorised and unauthorised fraud in the first six months of 2018. During the same period, the finance industry prevented £705.7 million of unauthorised fraud. That’s equivalent to...
Posted On 25 Sep 2018
DCI Andrew Fyfe
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City of London Police’s IFED selects new leader to head fight against insurance fraudsters

Detective Chief Inspector (DCI) Andrew Fyfe has been appointed as the new head of the City of London’s Police’s dedicated Insurance Fraud Enforcement Department (IFED). DCI Fyfe brings with him 26 years of experience as a police officer, most recently within the National Fraud...
Posted On 21 Nov 2017
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Latest industry data from UK Finance highlights 8% year-on-year fall in financial fraud

Financial fraud losses of £366.4 million in the first half of 2017 were 8% lower year-on-year, figures from UK Finance have revealed. The data, which covers payment cards, remote banking and cheques, also highlights that the industry prevented over £750 million of fraud during...
Posted On 28 Sep 2017
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FFA UK’s latest industry statistics show financial fraud losses totalling £768.8 million in 2016

Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, the latest figures from Financial Fraud Action (FFA) UK highlight. This represents an increase of 2% on the previous year. The new data also outlines the fact that banks and...
Posted On 30 Mar 2017
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“Identity fraud reaches record levels”: 173,000 cases reported to Cifas during 2016

Cifas, the UK’s leading fraud prevention service, has released new figures showing that identity fraud has hit the highest levels ever recorded. A record 172,919 identity frauds were recorded in 2016, which is more than in any other previous year. Identity fraud now represents...
Posted On 17 Mar 2017
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“Millions placing themselves at risk of fraud chasing bargains online” reports Action Fraud

New research released by Financial Fraud Action UK (FFA UK) shows that 31% of online shoppers admit they’re more likely to take a financial risk if an online retailer offers them a bargain. This means there are potentially 15 million online shoppers who could be putting...
Posted On 23 Nov 2016
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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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“Financial fraud incidents rise by 53% in first half of 2016” reports FFA UK

According to official figures just released by Financial Fraud Action UK (FFA UK), more than one million incidents of financial fraud occurred in the first six months of 2016. This represents a 53% increase compared to the same period last year, meaning that an inciden...
Posted On 26 Sep 2016