Accounts payable teams have the power to halt the rise in fraud during the current crisis according to FISCAL Technologies.  The company says tackling financial fraud is more important now than ever – the key is the ability to maintain order and efficiency The ongoing impact of the coronavirus outbreak has seen an increase in…

The Dedicated Card and Payment Crime Unit (DCPCU) targets the organised criminal gangs responsible for fraud. It is made up of officers from the City of London Police and the Metropolitan Police Service as well as banking industry fraud investigators and support staff from UK Finance. Over the past year, the unit has worked in…

Over £100 million worth of fraud — often targeting vulnerable and elderly customers — has been prevented through the Banking Protocol, a UK-wide scheme that enables bank branch staff to spot potential fraud victims and request an immediate police response. The latest figures from UK Finance reveal that 16,462 calls have been made through the…

Half of UK workers say they wouldn’t store sensitive personal and commercial information in the cloud because of their concerns over security, according to a new report by Invu. The report says cloud security remains by far the biggest concern for businesses. Data back-up and the recovery of lost data was the second biggest concern,…

More than 100,000 UK businesses have a corporate structure so complicated it would take over half a day for them to complete anti-fraud checks, according to Experian analysis. Businesses are required to perform Know Your Customer (KYC) checks on their clients to ensure they are not involved in financial crime or fraud. Fraudsters can use…

The second Commercial Credit & Collections conference saw the themes of Brexit and technology within credit management discussed at an event hosted by Aon and CVR Global at last week’s (23rd January 2020) event held at the Leadenhall Building in London. Over 80 industry professionals from the commercial credit management sector attended the event. The…

The value of alleged cybercrime cases reached over £1 billion in UK Courts in 2019, according to research by KPMG – showing fraudsters are becoming more persistent. Sophisticated cyber-crime combined with traditional old school frauds have pushed the value of alleged fraud cases hitting UK Courts in 2019 to over £1 billion. Fraudsters went back…

Business data, insights, analytics specialist, Graydon has won a prize for Outstanding Fraud Consultants at the inaugural Tackling Economic Crime Awards (TECAs) Graydon’s Business Intelligence Unit is responsible for investigating and detecting potentially fraudulent and suspect companies who have applied for trade credit. The unit was established over 20 years ago and is led by…

The  Commercial Credit & Collections conference has confirmed its speaker agenda for the next event which takes place in January. CVR Global and Aon’s Commercial Credit & Collections conference agenda now includes speakers from Onguard and Cifas whilst three Credit Managers will debate the impact of technology on credit management. The event will open with…

Fraud prevention service, Cifas and business data, insights, analytics and solutions specialist Graydon have announced they have completed data matching analysis to understand synergies between the Graydon cases of suspicious corporate activity and the Cifas national database of known fraud. The results of the matching exercise demonstrated two key points: Fraudsters will target any high-value…

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