off

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
off

Retailer fined £500,000 for failing to secure data of “at least” 14 million individuals

The Information Commissioner’s Office (ICO) has fined DSG Retail Limited the sum of £500,000 after a ‘Point of Sale’ computer system was compromised as the result of a cyber attack, in turn affecting at least 14 million people. An ICO investigation found that an attacker...
Posted On 14 Jan 2020
off

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
off

Working Together to Fight Cheque Fraud

In terms of recent history, cheque fraud losses peaked in 2008 and, during the following decade, they reduced by more than 85%, which is far in excess of the decline in cheque volumes over the same period, writes Martin Ruda. However, the latest statistics reveal that cheque...
Posted On 20 Nov 2019
off

Fraud continues ‘inexorable’ rise in UK plc as new annual figures show 6% increase

Cifas, the UK’s fraud prevention service, has painted an alarming picture of fraud in the UK with the release of Fraudscape, the annual publication of the organisation’s data that identifies and analyses the country’s fraud trends based on 323,660 cases of fraudulent...
Posted On 23 Jun 2019
off

Consumers reluctant to swap passwords for biometrics for fear of identity fraud

Over half (53%) of consumers in the UK are worried that the shift towards biometrics for authenticating online payments will dramatically increase the amount of identity fraud. That’s according to new research conducted by Paysafe, the global payments provider. The study...
Posted On 03 Jun 2019
Mike Haley: CEO at Cifas
off

Cifas data reveals alarming 24% rise in under-21s falling victim to identity fraud

Cifas, the UK’s leading fraud prevention service, has released startling figures showing a marked increase in the number of young people falling victim to identity fraud. The new figures reveal that Cifas members identified a 24% increase in cases of under-21-year-olds falling...
Posted On 12 Oct 2018
off

Joint Cifas-Forensic Pathways report reveals where personal data is compromised online

A collaborative report issued by Cifas, the UK’s fraud prevention service, and Forensic Pathways (an internationally recognised organisation operating at the forefront of digital forensics) highlights that, alongside The Dark Web, The Surface Web plays an integral role in the...
Posted On 25 Jun 2018
off

Record levels of ID fraud unearthed by Cifas in Fraudscape report for 2017

Cifas, the UK’s fraud prevention service, has released a new report identifying and detailing the fraud trends from over 300,000 cases of fraudulent conduct recorded in 2017. The data, which emanates from 306 organisations (including many major UK brands), underpins one of the...
Posted On 26 Apr 2018
off

HMRC halts “thousands” of scam text messages as part of ongoing fight against fraud

Her Majesty’s Revenue and Customs (HMRC) has prevented thousands of taxpayers from receiving scam text messages, with 90% of the most convincing texts now halted before they reach their phones. The milestone comes during ‘Take Five To Stop Fraud Week’, with the...
Posted On 26 Jan 2018
12