Navigation Menu+

Common Fraud Against People

Public Wi-Fi and identity theft

Posted by on 2:17 pm in Common fraud against people, Finance issues, Mobile Fraud | 0 comments

Public Wi-Fi and identity theft

Many of us think nothing of using public Wi-Fi networks to catch up on emails, browse the web or check social media. However, you could be inadvertently giving away more information than you think. Many opportunistic criminals hack public Wi-Fi systems or even create their own networks to access people’s passwords and other private information. Action Fraud, the City of London Police, Cifas and Equifax have launched a new campaign tackling identity fraud, using the hashtag #AreYouOneOfThem. A YouGov survey commissioned by Equifax...

read more

Pulling the plug on computer software service fraud

Posted by on 2:15 pm in Common fraud against people | 0 comments

Pulling the plug on computer software service fraud

On the 27th June, four people were arrested over their links to computer service software fraud – the third most reported fraud type in the UK, with 12% of reports made to Action Fraud UK concerning the issue. The average loss from this kind of fraud is £2000, with more than 33,000 reports between May 2015 and April 2016. The arrests were made following a collaboration between London City Police and Microsoft, whose investigation analysed tens of thousands of reports made to Action Fraud UK concerning the issue. Computer software...

read more

Ransomware: Protect yourself and your business

Posted by on 2:13 pm in Common fraud against people, Mobile Fraud | 0 comments

Ransomware: Protect yourself and your business

Just weeks after the WannaCry malware infected more than 230,000 computers in more than 150 countries worldwide, yet another form of ransomware targeted some of the UK’s largest organisations. This malware, given various names including Petya, NotPetya or Golden Eye, blocked computers, preventing users from accessing data, and demanding a ransom to release it. The infection spread rapidly through computer networks, disrupting many large corporations throughout Europe and the US, such as pharmaceutical company Merck, Danish shipping company...

read more

Mobile banking fraud: how to keep safe online

Posted by on 1:27 pm in Common fraud against people, Future fraud, Mobile Fraud | 0 comments

Mobile banking fraud: how to keep safe online

According to mobile security experts, 84% of mobile banking users are confident that their banks are completely on top of security and fraud prevention. But should they be, if more than a quarter of UK consumers that experienced banking fraud noticed the behaviour before their banks did? Mobile payments are becoming increasingly commonplace, exceeding a combined expenditure of $220 billion in 2017 – more than tripling since 2013. Fraudsters primarily use phone identification to gain access to bank accounts, calling banks directly and...

read more

The rise of mobile and contactless payment fraud

Posted by on 4:28 pm in Common fraud against people, Mobile Fraud | 0 comments

The rise of mobile and contactless payment fraud

After the first contactless cards were issued throughout the UK in 2007, over the last decade the payment method has surged, and evolved. Contactless card payments with a ‘tap and go’ limit are now useable throughout most of the world, while systems such as Apple Pay and Android Pay have been introduced for the mobile sector. Yet, with the new methods, come a host of different opportunities for fraud. Financial Fraud Action UK (FFA) has released new figures indicating that money stolen through contactless bank cards and mobile...

read more

More travellers are falling victim to holiday fraud

Posted by on 12:41 pm in Common fraud against people, Finance issues, Future fraud | 0 comments

More travellers are falling victim to holiday fraud

Action Fraud, the UK’s national fraud and cyber-crime centre, estimates that in 2016 approximately £1,200 was lost per person as a result of holiday fraud. The number of reported cases continues to rise by 20 per cent year-on-year, increasing from 4,910 in 2015 to 5,826 last year. The report also states that 26 per cent of victims say that fraud has had a significant impact on their health and financial well-being. There are many different aspects of holiday fraud, the most common of which involve: Airline tickets: illegitimate websites...

read more

WannaCry: a worldwide wake-up call

Posted by on 12:35 pm in Common fraud against people, Counter terrorism, Tackling crime via mobile | 0 comments

WannaCry: a worldwide wake-up call

On Friday 12th May, the largest ransomware attack in internet history rippled across the globe. The WannaCry malware struck more than 200,000 machines in 150 countries in a matter of days. The malware locks users’ files and demands $300 (£230) to regain access. By Monday 15th May approximately $50,000 worth of bitcoin payments had been made to the hackers. The UK’s National Health Service (NHS) was one of many victims and was left vulnerable following a reliance on Windows XP.  Some reports state 90% of NHS trusts run at least one...

read more

Smartphones v Fraudsters: The battleground for data

Posted by on 10:07 am in Common fraud against people, Mobile Fraud, Tackling crime via mobile | 0 comments

Smartphones v Fraudsters: The battleground for data

The latest report released by Cifas— the UK’s dedicated fraud prevention service—shows that identity fraud has reached the highest level ever recorded. According to the research, 172,919 counts of identity fraud occurred in 2016, an increase of 68 per cent since 2010. As a result, identity fraud is now responsible for more than half of all fraud recorded by Cifas. The majority of identity fraud is often cyber-enabled, with 88 per cent of all reported incidents taking place online. What is identity fraud? Identity fraud takes place when a...

read more

New campaign to raise awareness of fraud

Posted by on 9:59 am in Common fraud against people, Finance issues | 0 comments

New campaign to raise awareness of fraud

Financial Fraud Action UK (FFA UK) has announced the launch of its new Take Five campaign which aims to raise awareness of fraud and provide practical advice for consumers. The scale of fraud in the UK is growing. Official figures released by FFA UK reveal that the overall scale of financial fraud in 2016 was £768.8 million, an increase on the £755 million lost in 2015. This equates to the UK economy losing more than £2 million each day as a direct result of fraudulent activity. The purpose of the Take Five campaign, which is supported by...

read more

Telecommunications: the battle against fraud

Posted by on 11:56 am in Common fraud against people, Finance issues, Future fraud | 0 comments

Telecommunications: the battle against fraud

Mobile network operators have long been targets for fraud and revenue risk.  The nature of these companies’ businesses mean they generate significant revenues.  If revenues are significant, as is the risk of fraud. What frauds should network operators be aware of? And, more importantly, how can they combat them? The Communications Fraud Control Association’s (CFCA) annual fraud survey provides telecoms fraud managers with an assessment of the key revenue threats from fraud.  The latest survey identified the top five frauds being...

read more