Counter-fraud

Due to the cost-of-living crisis, people across the UK are falling victim to fraudsters.

https://www.businessmole.com/global-investigations-on-preventing-fraud-in-times-of-economic-crisis/

Prevention of Fraud in Travel (PROFiT) wants companies to share more information

https://www.travolution.com/news/technology/travel-firms-urged-to-sign-up-to-anti-fraud-intelligence-hub-to-counter-organised-crime/

With the correct practices in mind, businesses can catch fraudsters early and avoid scams and fraud for good

https://www.openaccessgovernment.org/how-avoid-scams-fraud-best-practices-business/152696/

Criminals online are using Artificial Intelligence like ChatGPT to steal our money. If they exploit AI, so must we in our response and defence, writes Martin Rehak

https://www.cityam.com/if-scammers-exploit-chatgpt-for-fraud-our-response-to-digital-crime-must-also-use-ai/

Assessing materiality with regards to fraud is a more nuanced process than it is sometimes represented. So how do auditors interpret it for a given audit and how should it be treated within standards and regulation?

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/how-can-auditors-define-material-fraud

Fraud should concern everyone in a business, but the ultimate responsibility for fraud prevention lies with management. It’s why good governance matters.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/how-to-develop-better-governance-around-fraud-prevention

BT Group and EE become the first telecom provider in the UK to offer Hiya’s call protection and identity to mobile and Digital Voice home phone customers

The Hiya Voice Security Network now protects one out of every three subscribers in the UK

EE is the first global carrier to take advantage of the Hiya and Ericsson partnership to quickly and easily activate Hiya Protect

In anticipation of long-awaited government proposals to reform audit and corporate governance, auditors are adopting new technologies to help detect and prevent fraud.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/using-audit-technology-to-address-fraud

Even in a downturn there is always someone doing well. According to an eye-catching headline on The Lawyer news website today it is going to be a “bumper year” for fraud lawyers with many of the biggest cases scheduled in London courts this year involving a crime that does not get the attention it should.

https://uk.finance.yahoo.com/news/business-must-act-block-bumper-131525786.html

Fraud can be somewhat of a grey area, but there are situations that auditors should scrutinise in particular.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/why-red-flags-that-suggest-material-fraud-are-so-hard-to-spot