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Official cyber crime figures are ‘tip of the iceberg’ warns bluedog Security Monitoring

New figures which report a fall in ‘computer misuse’ and a rise in fraud merely serve to show that the authorities are failing to grasp the true impact of cyber crime. That’s according to cyber security expert Tim Thurlings of bluedog Security Monitoring who suggests...
Posted On 24 Jan 2020
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“£674 per minute lost to bank transfer scams” unearths staggering Which? report

Banks cannot delay tackling transfer fraud a single day longer, Which? is warning, as new research shows a staggering £674 per minute is being lost to this devastating crime. The consumer champion is calling for all banks to urgently reassure their customers that they will be...
Posted On 29 May 2019
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FCA issues warning on investment scams following £197 million reported losses in 2018

The Financial Conduct Authority (FCA) is warning investors to be vigilant concerning the threat posed by investment scammers, with the latest data from Action Fraud revealing over £197 million of reported losses in 2018. Victims were scammed out of over £29,000 on average last...
Posted On 15 Feb 2019
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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
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KPMG Forensic: “Value of UK fraud breaks £1 billion barrier for first time in five years”

In 2016, the value of alleged fraud reaching UK courts broke the £1 billion barrier for the first time since 2011 due to a resurgence in so-called ‘super cases’. That’s according to the latest research conducted by KPMG Forensic. KPMG’s Fraud Barometer, which...
Posted On 29 Jan 2017
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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