Counter-fraud

The technology that’s going to help fight against fraud

https://www.techradar.com/uk/news/continuing-the-fight-against-fraud-in-2021

Fraudsters aren't always bad people. So what drives people to step over the line and commit an economic crime? In the first of an ICAEW Insights series on economic crime, Craig Tully from tax investigation specialists Gilbert Tax Consultants outlines what drives people to commit fraud.

https://www.icaew.com/insights/viewpoints-on-the-news/2021/mar-2021/the-psychology-of-financial-fraud

Amid Covid, AI is more important than ever for fraud detection.

https://www.itproportal.com/features/the-place-of-ai-in-fraud-detection/

4 March 2021 – London, UK - Crossword Cybersecurity Plc (AIM:CCS, “Crossword”, the “Company” or the “Group”), the technology commercialisation company focused on cyber security and risk, today announced that, in addition to the Internet of Things security certification as announced on 25 November 2020, The IASME Consortium Limited (“IASME”), UK Government Cyber Essentials Partner, has selected Rizikon Assurance as the core platform to support a new Counter Fraud Fundamentals certification which has received government funding.

https://www.realwire.com/releases/IASME-Consortium-to-deliver-UK-Government-backed-Counter-Fraud-Fundamentals

Revolut is working with GBGplc to tackle the rise of online fraud and promote the safe adoption of digital services through customer onboarding solutions, including Know Your Customer (KYC) and Anti Money Laundering (AML)

https://www.pcr-online.biz/2021/03/01/revolut-and-gbg-expand-partnership-to-tackle-fraud-from-covid-19/

Fraud prevention firm Sift has unveiled a partnership with fast food giant McDonald’s to prevent fraud and streamline customer experience on its mobile app across Europe, Asia, Africa, and Oceania.

https://thefintechtimes.com/sift-joins-forces-with-mcdonalds-to-tackle-mobile-app-fraud/

The Chancellor is expected to unveil plans for a dedicated unit to crack down on furlough fraud during next week’s Budget statement.

2020 was a year like no other, as disruption from the novel coronavirus pandemic created interlinked health and economic crises. In retrospect, the unknown magnitude of COVID-19 and its ripple effects did little to derail the accuracy my 2020 fraud predictions. Three of the five came to fruition, and we saw partial progress toward the remaining two. Considering unforeseen events, I’ll take the 80 percent hit rate.

Generation Z are 84% more likely to be targeted by fraudsters than 25–35-year-olds

Fraud prevention service CIFAS says scammers are offering fake Covid vaccines, publishing fraudulent jobs adverts, and targeting taxpayers in phishing scams.