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BSI launches Code of Practice to protect vulnerable customers from fraud and financial abuse

Business standards company the British Standards Institution (BSI) has launched a new Code of Practice that gives recommendations to organisations for protecting vulnerable customers from financial harm that might occur as a result of fraud or financial abuse. Sponsored by...
Posted On 20 Nov 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
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Home Secretary Theresa May launches Joint Fraud Task Force in conjunction with National Crime Agency

Home Secretary Theresa May has announced a new Task Force designed to crack down on fraud in the UK, at the same time stating that “fraud shames our financial system”. The Joint Fraud Task Force will comprise key representatives from Government, law enforcement and the banking...
Posted On 16 Feb 2016
The 'Not With My Name' Campaign is designed to tackle the scourge of identity theft
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‘Not With My Name’ campaign targets growing threat of identity crime in the UK

Millions of people in the UK are failing to take basic steps like redirecting post or updating firewalls in order to protect their identities from criminals, a new survey has shown. Indeed, the survey results have been published just as the City of London Police and partner...
Posted On 06 Jul 2015