Frauds

Police are urging people to be wary of scammers when booking tickets for concerts and other events as figures show Almost £300,000 was lost to ticket fraud last year in Northern Ireland.

Data from Action Fraud shows nationally £6.7 million was lost to this type of crime. In Northern Ireland, the total reported losses came in at £291,344.36 with 299 reports made.

https://www.armaghi.com/news/scammers-make-off-with-almost-300000-from-299-reports-of-ticket-fraud-in-ni/240122

A quarter of UK adults have shared their sensitive personal information, such as bank details and address, via email with a conveyancer, estate agent or mortgage broker when moving home, according to new research from client compliance platform Thirdfort. With email interception fraud on the rise, this means a significant proportion of homeowners are putting themselves at risk.

https://propertyindustryeye.com/homebuyers-continue-to-share-sensitive-personal-information-over-email/

Our financial lives are becoming more intricate and remote, demanding heightened vigilance.

Criminals are using social media, artificial intelligence (AI) and deep fake technology to target consumers, a fraud prevention body suggests.

Last year, according to the Fraudscape report conducted by Cifas, over 374,000 fraud cases were reported to the Cifas National Fraud Database (NFD) and they said that members prevented £1.8 billion worth of fraud losses.

With summer fast approaching, Lloyds Bank is warning hopeful holidaymakers they could fall victim to a scam when booking a trip.

These scams have risen 7% over the past year, with people losing £765 on average, with those aged 35 to 44 – often booking trips for their families – making up over a quarter of victims (27%).

Experts have warned the public following a rise in scams fueled by identity theft.

The Insurance Fraud Bureau (IFB) has reported a 97 per cent increase in organised insurance fraud by stolen identities in the past year.

Identity theft has a catastrophic financial impact on victims and aids a broad spectrum of insurance scams, including perilous crash for cash operations and ghost broking.

Was anyone else surprised/not surprised to read that tenant application fraud has rocketed by 140%? For those working at the sharp end of the private rented sector, I doubt it.

My first reaction was why something like this isn’t being highlighted in the dreadful Renters (Reform) Bill as an issue that landlords should not have to put up with.

A woman who tried to claim nearly £500,000 by exaggerating her injuries before appearing to walk unaided on The Jeremy Kyle Show stage has been handed a suspended prison sentence.

Patricia Rogers, 25, made a civil claim for damages after being involved in a road traffic collision in 2014, which she claimed had left her unable to walk without a stick or crutches, City of London Police said.

https://www.impartialreporter.com/news/national/24244015.woman-made-500-000-fraudulent-injury-claim-given-suspended-sentence/

Britain's biggest benefit fraud gang has been convicted for a £50 million Universal Credit plot.

Five Bulgarians - Galina Nikolova, 38, Stoyan Stoyanov, 27, Tsvetka Todorova, 52, Gyunesh Ali, 33, and Patritsia Paneva, 26 - admitted to fraud and money laundering related offences at Wood Green Crown Court for their involvement in a multimillion-pound scam on the benefit system.

Fraud within the retail, leisure, and food and beverage industries can undermine customer and consumer confidence and, in more serious cases, negatively impact consumers’ health and wellbeing. Without appropriate mitigation measures, the impact of fraud incidents can result in both great financial cost and operational disruption to businesses.

Fraud is the most common type of crime in England and Wales. A National Crime Agency survey revealed, in 2022, 3.7 million recorded incidents of fraud amounted to £2.46 billion in losses for businesses and individuals. It is crucial that all organisations operating in the retail, leisure, and food and beverage sectors understand the current fraud landscape, the potential risks fraud poses, and best practices for fraud detection and prevention.

The UK retail sector lost £11.3bn to fraudulent activity in 2023, according to global financial technology platform Adyen.

The research, in partnership with the Centre for Economics, Business and Research, found that 35% of UK businesses became a target of fraudulent activity, cyberattacks or data leaks over the past year – up 37% compared with 2022.