Counter-fraud

Anyone who has been, or who knows someone who has been, the victim of fraud will understand the gamut of complex emotions experienced during such a distressing situation.

Integrating transparency, accountability and ethical behavior into company culture can help organizations mitigate risk and keep ahead of regulatory change.

There are a lot of fraud-like situations, where there’s no fraud in the strictest sense of the term, but consumers feel defrauded. Let me give a few examples:

Risk A group of local leaders has joined forces to help protect Mid Wales communities from the evolving risk of fraud during the COVID-19 crisis.

https://businessnewswales.com/protecting-mid-wales-communities-against-evolving-fraud-risk/

HM Revenue & Customs made its first arrest for alleged fraud relating to the UK government’s furlough scheme in July.

Amazon Web Services (AWS) has launched a fully-managed fraud detection services that it believes can identify potential fraud activity in ‘milliseconds’.

It’s one of the most common forms of occupational fraud: employees fudging on their expense accounts.

https://www.crigroup.com/tips-for-preventing-and-detecting-expense-account-fraud/

The risk of fraud while working from home still looms, but as workers gradually return to workplaces the chance of fraud still remains. Our Fraud & Privacy special report, published in The Times, examines how cybercriminals continue to thrive in the uncertainty of a global pandemic, how invoice emails are the latest vehicle for fraudsters, and the cost of giving in to hackers. It looks at the debate around ethical surveillance and how activists are finding ways around facial recognition software. It explores what counterfeit fashion is costing brands in reputation and revenue, and new technology that might be an answer. Also featured is an infographic on the Dark Web and how it has become a lucrative marketplace for so many.

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced it is extending its partnership with Three UK to combat eCommerce fraud, which has increased during the Covid-19 pandemic.

Digital Identity platform is aimed at reducing the growing threat of ID theft

https://www.techradar.com/news/ee-launches-new-identity-check-platform-to-tackle-fraud