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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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NHS Counter Fraud Authority outlines four priority action areas for 2019-2020

Each year, the NHS Counter Fraud Authority (NHSCFA) sets a number of priority areas for action based on the organisation’s latest evaluation of available intelligence on the fraud risks facing the NHS. The Authority’s strategic intelligence assessment based on data for the...
Posted On 10 Jun 2019
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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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Businesses witness “significant rise in fraud and risk during 2016” reports Kroll

According to those executives surveyed for the 2016-2017 Kroll Annual Global Fraud and Risk Report, it would appear that fraud, cyber and security incidents are now the ‘new normal’ for companies across the world. The proportion of executives reporting that their...
Posted On 17 Jan 2017
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“Companies failing to use technology in the fight against fraud” reports KPMG

Technology is proving business’ Achilles Heel in the fight against fraud. New research conducted by KPMG reveals that, while a quarter of fraudsters use technology to “rip off” companies, only 3% of businesses detected illegal behaviour using data analytics. In fact,...
Posted On 01 Jun 2016
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“Fraud costing UK’s economy £193 billion per annum” reveals Annual Fraud Indicator 2016

According to a new report, the annual cost of fraud in the UK could be as high as £193 billion per annum. This assertion dwarfs previous estimates produced by the UK Government which put the figure at around £50 billion back in 2013. The Annual Fraud Indicator 2016 has been...
Posted On 26 May 2016
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Double-digit rise in crime against UK corporates as cyber becomes fastest-growing form of economic infraction

The UK has seen a double-digit rise in economic crime against corporates in the last two years, with 55% of organisations affected. This represents an increase of 11 percentage points since 2014, significantly outstripping the level in countries such as the US (38%) and China...
Posted On 29 Feb 2016