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International Counter Fraud Data Analytics Conference set for March

The Cabinet Office will host a two-day conference focusing on the innovative use of data and data analytics in the fight against fraud. The event will take place in Manchester on 3 and 4 March. Manchester provides a fitting setting for the event as it was home to Alan Turing, a...
Posted On 14 Jan 2020
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Fraudsters end 2019 with lighter pockets thanks to NCA’s asset denial teams

In December, the National Crime Agency (NCA) managed to claw back millions of dollars from a fraud involving no less than 700 victims. The agency’s illicit finances investigators also retrieved hundreds of thousands of pounds in two other cases where the money is believed to have...
Posted On 06 Jan 2020
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Detailed Cifas research reveals 96% spike in retail account takeover fraud

The latest research project conducted by Cifas shows that there was an overall increase in online fraudulent conduct of 9% in the first nine months of 2019 when compared to the same period the previous year. The majority of online fraudulent conduct was made up of identity fraud,...
Posted On 06 Jan 2020
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Tasking to improve fraud response issued by National Crime Agency

The National Crime Agency’s (NCA) director general Lynne Owens has issued a tasking to improve the response to fraud. The tasking, which is made under the Crime and Courts Act 2013, follows a discussion with chief constables and other partners at the National Strategic...
Posted On 23 Dec 2019
Sundeep Tengur
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Identity and Artificial Intelligence: The Recipe for a Strong Fraud Defence

Financial services event Sibos recently ran in London, with the theme for 2019 being “Thriving in a hyper-connected world”. The market has long demanded quicker and more convenient payment methods, and the industry is now answering with ubiquitous payments, but at...
Posted On 17 Dec 2019
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Fraud and false accounting charges levelled at former Serco directors by SFO

The Serious Fraud Office (SFO) has charged two individuals with fraud and false accounting in relation to its investigation into Serco’s electronic monitoring contract with the Ministry of Justice. Nicholas Woods (former finance director of Serco Home Affairs) and Simon Marshall...
Posted On 16 Dec 2019
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International operation exposes “world’s most harmful” cyber crime group

A Russian national who runs Evil Corp – the world’s most harmful cyber crime group that created and deployed malware causing financial losses totalling hundreds of millions of pounds in the UK alone – has been indicted in the United States following unprecedented collaboration...
Posted On 05 Dec 2019
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Cyber crime site selling hacking tool taken down following international operation

A website which sold a hacking tool purchased by cyber criminals in 124 countries and gave full remote control of victims’ computers has been taken down following an international investigation. 14,500 people across the world purchased the Imminent Monitor Remote Access Trojan...
Posted On 02 Dec 2019
Gary Trotter
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Total Retail Loss 2.0: From Awareness to Implementation

Back in June, we looked at Professor Adrian Beck’s 2016 report of Total Retail Loss and what it means in terms of understanding current and future retail risks and how to respond to them effectively. Now, Beck has launched an update to his original concept: Total Retail Loss 2.0....
Posted On 22 Nov 2019
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Latest Cifas research unearths sharp rise in employment application fraud

Research conducted by Cifas has revealed a sharp rise in employment application fraud by middle-aged jobseekers. The research, released as part of the organisation’s ‘Faces of Fraud’ campaign, shows that there was an overall increase in application fraud across...
Posted On 21 Nov 2019