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Online fraud is on the rise. According to trade association UK Finance, scams against online retailers totalled £265.1 million in 2018, up 29% on the previous year. However, retailers are increasingly arming themselves in the fight against cybercrime. Last year the sector spent 17% more on cybersecurity, found a recent survey by the British Retail Consortium.
https://www.essentialretail.com/features/fraud-prevention-beat-online/#.XQ5mnuO_Xng.twitter
Britain’s fraud capitals for scams involving fake romances, computer virus attacks, investment fraud and bogus tradespeople have been pinpointed by Which?
Following a successful pilot in London earlier this year, HSBC is set to roll out new technology to cut down ATM fraud.
https://www.punchline-gloucester.com/articles/aanews/new-atm-technology-reduces-cash-trapping-fraud-theft-hsbc
People in Sussex are particularly likely to say they have fallen victim to romance scams, Norfolk is a hotspot for reports of computer fixing fraud, and London is the capital of online shopping and investment cons, analysis from Which? suggests.
https://uk.finance.yahoo.com/news/live-fraud-hotspot-230100226.html?soc_src=social-sh&soc_trk=tw&guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvL2JjU3NjRW9BNEc&guce_referrer_sig=AQAAAAnrm5POoKf2Ueyzhz-AQ10xdgNDmlgKsNMfWGzotF0T6tVK4-I-hhgYMp9RcC3RXkdsw90sSATpvd04xvhHGW22F2Val4gsJqTt-ld5tban4kNIOrJXRfxMW7KZ3gcyrjvHvPy-zXD2IiKDUbSq92WHVO6X2r_RqdQ-nkTcuwL5
Millions of Brits have quit social media, changed email provider or moved banks due to fraud in the past 12 months, new research shows.
A ground-breaking milestone sees the UK’s Insurance Fraud Intelligence Hub (IFiHUB) go live, providing the insurance industry with a means to catch fraudsters and dramatically decrease the £2 billion+ annual cost of fraud.
https://www.itij.com/story/115630/counter-fraud-database-ifihub-goes-live
Platform goes live with eleven insurers and will hold industry data on suspected fraudsters and professional enablers.
POLICE have smashed a counterfeit train ticket gang feared to have cost transport authorities at least £18million.
Staggered Introduction of UK Anti-Fraud Checks May Distort Market, Industry Warns
https://paymentscompliance.com/premium-content/insights_analysis/staggered-introduction-uk-anti-fraud-checks-may-distort-market#.XPwAGvmbdAM.twitter
Born in 1860, Horatio Bottomley lost both his parents by 1865 and spent five years in an orphanage in Birmingham. He became an office boy in a firm of solicitors, and by the age of 23 was a partner in a transcription firm. Over a career spanning four decades he would find fame (and notoriety) as a company promoter and proprietor of the ultra-nationalistic magazine John Bull. Despite several bankruptcies, his skills as an orator saw him elected to Parliament twice and he was considered for a cabinet post.
https://moneyweek.com/507993/great-frauds-in-history-horatio-bottomley/
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