December 2, 2014

Joint Declaration of the UK Banks’ supported by Police

New figures show steep rise in telephone scams

December 2, 2014

New figures published today (Tuesday 2 December) by Financial Fraud Action UK (FFA UK) show a significant rise in the number of consumers who have been targeted by phone scammers over the last year.

SCAM ALERT: Farmers warned of high fraud risk during festive period

November 24, 2014

Farmers are being warned of the increased threat of fraud in the run up to Christmas as criminals deliberately target the agricultural sector. With the bank accounts of farmers likely to be full after receiving funds from the EU at this time of year, they are a very attractive target for phone scammers who can net hundreds thousands of pounds from successful cons.

Fraudster jailed for 4 years in £113,000 credit card con

November 17, 2014

Theophillus Madekurozwa, 36, was jailed for four years at Bolton Crown Court for illegally taking out credit cards in other people’s names and then using them to fuel his luxury lifestyle. His partner Connie Manney, 46 was given an eight month suspended sentence for her part in spending on the fake cards. In total the pair stole £113,000.

ATM fraudsters jailed for six years

November 5, 2014

Two ATM fraudsters were jailed for a total of six years at the Old Bailey today [05 November 2014], following a police operation which uncovered over £2 million worth of stolen debit and credit card details.

Fraudsters setting their sights on small businesses – list of at-risk industries published

October 21, 2014

Small businesses are being warned they are a major target for criminals trying to defraud them out of hundreds of thousands of pounds. Financial Fraud Action UK’s (FFA UK) intelligence bureau has reported an upsurge of two scams in particular – invoice fraud, where criminals send in fake requests for payment – and phone fraud, where companies are telephoned and tricked into revealing important payment details. Because fraud is not always detected immediately, stolen funds are often quickly transferred outside of the UK making it near impossible to get the money back.

Leaders of major UK cheque fraud gang jailed

October 9, 2014

The two ringleaders of one of the UK’s largest ever cheque fraud gangs were sent to prison for a total of 18 years at Bradford Crown Court yesterday [8 October 2014]. The sentence follows a nationwide police operation by the Dedicated Cheque and Plastic Crime Unit (DCPCU) during which £6.5 million worth of stolen and fake cheques were seized.

SCAM ALERT: Upsurge in stolen mail fueling card fraud & ID theft

September 25, 2014

Residents of apartment blocks and flats are being warned that they are a target for criminals stealing mail from letter boxes in order to commit card fraud and ID theft. The intelligence comes from Financial Fraud Action UK’s fraud intelligence bureau, which has reported a spike in cases over recent weeks. Known by its technical name, ‘mail non-receipt’ fraud has increased 10 per cent to £5.0 million, in the first half of 2014.