Counter-fraud

In today's digital world, awareness is the best defence against scams, fraud, and phishing. In 2022 alone, over GBP 1.2B was reported stolen by fraudsters.

At Revolut, our team of experts take a data-driven approach to fraud management, deploying a sophisticated detection platform to protect our customers from falling victim to these criminals.

It’s also how we saved customers £200M in potentially-fraudulent transactions in 2022. In this blog, our fraud prevention team is here to guide you through the common tactics used by scammers –– and most importantly, how you can protect yourself and your money.

Under-achievement never looks good. It indicates a failure to meet expectations and a need to play catch up.

So the government will not have enjoyed the publication of the latest figures relating to the prosecution of fraud.

https://www.ftadviser.com/opinion/2024/02/22/can-law-and-order-ever-catch-up-to-fraudsters/

Home Office campaign from FCB London tackles the growing issue of fraud awareness.

A major new government campaign to transform the fight against Fraud has launched across multiple channels.

https://lbbonline.com/news/uk-government-campaign-wants-you-to-stop-think-fraud

Current economic conditions such as the cost-of-living crisis are increasing the fear of fraud among businesses, a survey has revealed.

The Institute of Business Ethics surveyed 1,051 UK business leaders and found high inflation and energy prices are the highest-ranked ethical risk factors for businesses.

https://www.ftadviser.com/your-industry/2024/02/19/firms-fear-rise-in-fraud-due-to-current-economic-crisis/

LONDON (Reuters) - Britain should allow law enforcement authorities to pay for key evidence to incentivise whistleblowing and speed up white-collar crime probes, the head of the UK's fraud watchdog said on Tuesday.

Nick Ephgrave, the director of the Serious Fraud Office (SFO), said he wanted the agency to deal with cases more quickly under his leadership.

After a year where Brits were on track to lose over £1bn to scammers, the consumer protection tide may be finally turning, according to an experienced fraud prevention expert.

Throughout 2023, scams involving holiday bookings, online romance, courier deliveries, fake online retailers, and even HMRC tax returns have dogged UK households.

https://www.itv.com/watch/news/stop-think-fraud-government-launches-anti-fraud-campaign-to-help-protect-people-from-crime/0kbc359

A major campaign to transform the fight against fraudsters has been unveiled by the Home Office.

Launched on Monday (February 12), Stop! Think Fraud is backed by leading counter-fraud experts to provide “consistent, clear and robust” anti-fraud advice to the public.

City of London Police, the national lead force for fraud, hopes it will generate a much greater understanding of what has become the most prevalent crime in the UK.

Stop! Think Fraud, the National Campaign Against Fraud, launches today.

A major campaign to transform the fight against fraudsters launches today (12 February 2024).

Stop! Think Fraud is backed by leading counter fraud experts who are uniting under one voice to provide consistent, clear and robust anti-fraud advice to the public.

The evolving landscape of fraud in the financial sector demands a proactive approach to security. As criminals constantly refine their tactics to exploit vulnerabilities, the importance of predicting the trajectory of fraud and understanding the dynamics of KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations becomes critical for building robust defences.

https://www.finextra.com/blogposting/25636/navigating-the-fraud-landscape-6-predictions-for-the-year-ahead