Brits lose more than £2.6bn to investment scams since 2020, pension body warns April 2, 2024 Britons have lost more than £2.6bn to investment fraud since the start of 2020, according to new research, as experts warn of the rise of scams originating on social media.
Bank fraud helpline hits 99 per cent coverage as Monzo bolsters efforts March 26, 2024 The banking industry's answer to 999 now covers nearly all UK current accounts after Monzo joined the anti-fraud service, with the digital lender facing criticism for its performance on tackling scams.
High street bank bosses warn of rising fraud threat from social media March 20, 2024 Bosses from the UK's biggest high street banks have told MPs that they are improving their fraud reimbursement rates, while calling for greater cooperation with social media companies to prevent scams that originate on their platforms.
UK proposes new laws to crack down on push payment fraud March 12, 2024 New legislation to crack down on push payment scams via banking apps will be brought to parliament, the government has announced today.
Hundreds of ‘erroneous’ Companies House filings reveal widespread misinformation on big firms March 5, 2024 Hundreds of "erroneous" filings made at Companies House have raised fears over a sophisticated fraud targeted at banks and other financial providers.
SFO launches probe into £140m property fraud February 21, 2024 The UK anti-fraud agency has raided three residences and made four arrests in North West England in relation to an investigation into Signature Group.
FCA urges Big Tech to crack down on fraud amid rise in unauthorised firms February 8, 2024 The Financial Conduct Authority (FCA) has launched a fresh call for social media firms to do more to prevent mass fraud on their platforms, City A.M. can reveal.
‘About a third’ of Facebook Marketplace listings could be scams, MPs told February 7, 2024 A director at TSB Bank has warned a group of top MPs that Facebook Marketplace and cryptocurrency investment are major breeding grounds for scams amid calls for Big Tech to take more responsibility for a wave of fraud on social media.
Prosecutions fail to keep up with the UK’s growing ‘fraud epidemic’ February 5, 2024 The UK government has been urged to do more to crack down on fraud after new data showed the number of high-value criminal cases reaching the courts has stayed flat despite a sharp rise in fraud.
Banks rush to invest in new tech to combat rise in AI-driven fraud January 17, 2024 Banks are rushing to invest in new technology to combat rising levels of fraud as artificial intelligence unlocks new ways to create and perpetuate scams.