Counter-fraud

THE cost of living crisis is likely to fuel a surge in fraud and online scams, a property group warned this morning.

https://www.cityam.com/govt-warned-cost-of-living-crisis-will-lead-to-tsunami-of-fraud-as-criminals-prey-on-struggling-brits/

People shopping online may find they are asked to verify a purchase via text message more often when they get to the checkout under industry changes.

https://www.standard.co.uk/news/uk/nationwide-building-society-b998868.html

Retail Risk – London 2022

Location

Champagne Suite & Terrace

Novotel London West

One Shortlands

London W6 8DR

Date: May 19 2022

2021 was a year of innovations in payments, from the wider acceptance of blockchain and cryptocurrency to new forms of digital wallets and currency. However, this meant that online fraudsters were also innovating and devising new ways to scam consumers out of their money or personal information online. Here we will dive into some of the ways fraud has evolved and offer tips on how you can stay ahead of online fraud.

https://www.finextra.com/blogposting/22221/innovations-in-payment-fraud--and-how-to-stay-ahead-of-them

The Pensions Administration Standards Association has published guidance on pre-employment checks for administrators, as it has been made aware of fraud cases by employees of these companies.

https://www.ftadviser.com/pensions/2022/04/19/pasa-publishes-pre-employment-guidance-to-deter-fraudsters/

Describe the different types of financial fraud

Identify the means of tackling this

Explain some of the warning signs to look out for

Hundreds of thousands of attempted online frauds will be thwarted by forcing social media companies to be more pro-active against cyber criminals, a police chief said on Monday.

https://uk.news.yahoo.com/online-safety-law-stop-hundreds-112243113.html

Scheme to catch fraudsters, including online scammers, before they commit their crimes has reported a significant increase in crimes prevented

https://www.computerweekly.com/news/252515377/Bank-fraud-prevention-scheme-blocked-60m-in-fraud-last-year

A fraud prevention hotline designed to protect people from being manipulated and scammed is receiving thousands of call every month, new data shows.

https://www.thisismoney.co.uk/money/beatthescammers/article-10684121/Dial-159-fraud-Scam-prevention-hotline-receives-75k-calls-six-months.html

WITH unprecedented levels of inflation, an ever-tightening squeeze on the labour market, and the cost of fuel and materials across all sectors spiralling at the moment, businesses are operating in an increasingly volatile and unpredictable trading environment. As firms come out the other side of the pandemic, there are challenges for business leaders and employers to grapple with as they get back on their feet again.

https://www.irishnews.com/business/2022/04/05/news/fraud-awareness-key-to-protecting-private-and-public-sector-2631680/?param=ds441rif44T