Comment on the Payment Systems Regulator’s response to the Which? super-complaint

December 16, 2016

Commenting on the publication of the Payment Systems Regulator’s response to the Which? super-complaint, Katy Worobec, Director of Financial Fraud Action UK, said: “Protecting customers from fraud has been and continues to be the banks’ priority. Banks have worked hard to enhance customer protection and will continue to do so."

Scams and online attacks drive fraud increase, figures show

October 12, 2016

Financial fraud in the first half of 2016 increased by a quarter to £399.5 million, enabled by scams and online attacks, new figures published today (Wednesday 12 October 2016) by Financial Fraud Action UK (FFA UK) show.

Counterfeit fraudster sentenced to five years

September 30, 2016

A fraudster has been jailed for five years and four months after running a counterfeiting factory from his home. James Koma, aged 49, of Belvedere, Kent, was jailed by a judge at the Old Bailey today. When officers from the Dedicated Card and Payment Crime Unit (DCPCU) raided Koma’s house in May, they found significant items which could be used in the counterfeiting and production of cheques and counterfeit identity documents.

Fraudsters sentenced in £120,000 bank scam

September 30, 2016

Two fraudsters have been sentenced for their involvement in the theft of £120,000 from a bank customer’s account. Police from the Dedicated Card and Payment Crime Unit (DCPCU) are now appealing for information which could help identify two women linked to the crime. Established in April 2002, the DCPCU has since achieved an estimated £479 million in savings from reduced fraud activity.

Financial fraud incidents up 53 per cent in first half of 2016

September 20, 2016

More than 1 million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by Financial Fraud Action UK (FFA UK) today (20th September 2016). Representing a 53 per cent increase compared to the same period last year, this means an incident happened in the UK every 15 seconds between January and June 2016.