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Banking industry halts £4.5 million of fraud per day in first half of 2019

The finance industry prevented £820 million of unauthorised fraud in the first half of 2019, which is up 14% on the previous year. That’s according to the latest figures from UK Finance. This is equivalent to £2 in every £3 of attempted unauthorised fraud being stopped, o...
Posted On 26 Sep 2019
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First threat assessment for universities produced by National Cyber Security Centre

The threats facing the UK’s world-leading universities and the steps they can take to protect themselves are outlined in a new report from the National Cyber Security Centre (NCSC). The NCSC’s threat assessment aims to raise awareness of state-sponsored espionage targeting...
Posted On 24 Sep 2019
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Criminals to face fresh crackdown in Government’s fight against dirty money

The Economic Crime Plan draws together actions designed to overhaul the Government’s approach to tackling economic crime, with greater partnering between itself, the law enforcement community and the private sector. Criminals will have “nowhere left to hide their...
Posted On 15 Jul 2019
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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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Companies House reforms “will do more” to safeguard personal data and combat fraud

Companies will be better protected from fraud under new Companies House reforms that “will do more” to safeguard the personal data of business owners and ensure the accuracy of the register. Business Minister Kelly Tolhurst has unveiled a substantial package of...
Posted On 07 May 2019
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Tackling Economic Crime Awards launched to honour security and law enforcement professionals

Economic crime has a significant impact on the UK;s economy, with – according to the Office for National Statistics – an estimated 3.24 million fraud offences taking place in the year ending March 2018. Organised by the World Excellence Awards team who also run the...
Posted On 01 Mar 2019
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BSIA Briefing

Money and the art of trading have been around for centuries. As the world progresses into the technological era, though, we find ourselves creating more innovative ways in which to pay for goods. It’s no secret that cashless electronic payments are on the rise and the...
Posted On 22 Jan 2019
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Home Secretary and Chancellor to chair Task Force aimed at tackling economic crime

Home Secretary Sajid Javid and Chancellor Philip Hammond are jointly chairing a new Government-led Task Force which will work with senior figures from the UK’s financial sector to tackle economic crime. The enormous scale of this type of crime – which includes fraud,...
Posted On 14 Jan 2019
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Conservative Government introduces all-new Serious and Organised Crime Strategy

The Conservative Government has pledged to tackle the misery caused by serious and organised criminals by drawing on all the powers, tools and expertise the UK has to offer. Ben Wallace, Minister for Security and Economic Crime, has stressed in a detailed speech that preventing...
Posted On 05 Nov 2018
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Payment Processes in Retail: Evolving to Deliver Convenience and Security

Contactless payments, smart phones and e-commerce are delivering speed and convenience to consumers and, as a result, debit cards have nudged cash from the ‘most frequently used method of payment’ top slot in the UK. While card payments start to outstrip cash payments, there are...
Posted On 31 Oct 2018
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