by Jyotsna Bucktowar | May 27, 2025
Authorised Push Payment (APP) fraud saw a decline in both value and volume, attributed to heightened industry investment and consumer awareness. However, unauthorised fraud losses rose to £722 million, driven by a 22% surge in remote purchase fraud, where stolen card...
by Jyotsna Bucktowar | Feb 17, 2025
A London bank manager and his accomplice were jailed for nine-and-a-half years for laundering £7.3M through 394 fake business accounts. Between 2017 and 2019, Rukon Miah used his role to open fraudulent accounts with counterfeit documents from Jan Ciecierski,...
by Jyotsna Bucktowar | Feb 17, 2025
Although the guidance is aimed at the financial services sector it may also be of assistance to organisations in other sectors. It comprises 3 sections: Part 1: Guidance aimed at assisting firms to understand the offence; Part 2: Guidance on the types of reasonable...
by Jyotsna Bucktowar | May 28, 2024
The report highlights criminals stole £1.17 billion through unauthorised and authorised fraud in 2023, a four per cent decrease compared to 2022, Banks prevented a further £1.25 billion of unauthorised fraud through advanced security systems, 76 per cent of APP fraud...
by Jyotsna Bucktowar | May 22, 2024
The abuse of online platforms continued to leave people vulnerable as the criminals stole £1.17bn in 2023, down 4% from 2022. It called on tech companies to do more to help stop the scams. Consumers lost £86m last year to purchase scams, in which they agreed to pay...
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