Financial

While financial fraud overall is not growing, payments fraud involving deception crimes, online attacks, and compromised cards is up over 20 per cent

http://www.cityam.com/284442/debate-digital-payment-rise-but-uk-go-completely-cashless

Cifas CEO Mike Haley talks to BBC Moneybox about the growing issue of “money mules”

https://www.bbc.co.uk/programmes/b09zmvcp

The data shows there was a 27% increase in 14 to 24-year-olds becoming ‘money mules’ in 2017. Cifas urges the Government to do more in schools to educate young people about the consequences of fraudulent activity.

https://www.cifas.org.uk/insight/reports-trends/fraudscape-report-2018

"Have you ever held £2,000 at once in your hand?" that was the line used to tempt Holly into becoming a money mule.

http://www.bbc.com/news/business-43897614

Financial fraud is a serious white-collar crime that comes with heavy punishment, but the details of the misdeeds can be stranger than fiction.

http://uk.businessinsider.com/fraud-financial-scandals-notable-and-expensive-2018-4/#charles-ponzi-1

A new piece of cryptocurrency is made each time a complex mathematical problem is solved using computing energy. Currencies can be legitimately mined in this way – but this mining activity is also increasingly attracting fraudulent behaviour.

https://www.computerweekly.com/opinion/Security-Think-Tank-Use-good-practice-to-address-cryptojacking-risk

Action Fraud has warned the names of well-known business people and financial experts being used to promote cryptocurrency scams.

https://www.ftadviser.com/investments/2018/04/13/action-fraud-warns-of-celebrity-crypto-scams/

Mastercard and its EMV partners are pushing for online payments standards similar to those for point-of-sale payments

https://www.computerweekly.com/news/252439407/Mastercard-calls-for-global-online-payments-standard

Young people are increasingly breaking the law by acting as “money mules” for criminals, according to research that underlines their vulnerability to recruitment via social media.

https://www.ft.com/content/14d0b9c4-425c-11e8-803a-295c97e6fd0b

Fraudulent websites claiming to offer cryptocurrency investments are using images and fabricating recommendations from prominent individuals such as Deborah Meaden from the BBC’s Dragons' Den and Martin Lewis, the founder of MoneySavingExpert.com, without their consent.

https://actionfraud.police.uk/news/well-known-names-being-used-in-cryptocurrency-scams-apr18