Tag Archives: fraud

Fraud in England and Wales is up again as cyber crime and credit card fraud increase

Incidences of fraud increased again this year in England and Wales, as more than half of crimes took place online.

According to the latest crime figures for the year to June from the National Fraud Intelligence Bureau, there was a four per cent increase in fraud offences to over 653,000. This represents the fifth year in

Read more at: http://www.cityam.com/274194/fraud-england-and-wales-up-again-cyber-crime-and-credit

Home Office plans to fight cyber-crime and credit card fraud using …

ONLINE shoppers may have to wait for a text before they can check out in a bid to tackle an explosion in fraud.

The Home Office is examining the scheme to prevent criminals stealing card details.

 The 'Motion Code' system generates a new security code on the back of a credit card every hour
The ‘Motion Code’ system generates a new security code on the back of a credit card every hour

Brits could also be given hi-tech credit cards with security numbers that change EVERY HOUR to tackle the £10 billion explosion in online fraud.

And they may also be forced to separately enter an “authentication” code sent by their bank by text message to be able to shop on the web.

A senior Home Office official yesterday said the days of ‘chip and pin’ were over and “new” technology

Read more at: https://www.thesun.co.uk/money/4707318/plans-to-fight-cyber-crime-credit-card-fraud-with-security-technology/

City set to get new fraud and cyber crime courts hub near Fleet Street

The Square Mile is set to get a new judicial centre, replacing all of the City’s current courts except the Old Bailey, to be located in the Fleet Street area.

Backed by the City of London Corporation, the Square Mile’s local authority, the proposed building would bring together the Mayor’s and City of London County Court

Read more at: http://www.cityam.com/273445/city-set-get-new-fraud-and-cyber-crime-courts-hub-near

City set to get new fraud and cyber crime courts hub near Fleet …

The Square Mile is set to get a new judicial centre, replacing all of the City’s current courts except the Old Bailey, to be located in the Fleet Street area.

Backed by the City of London Corporation, the Square Mile’s local authority, the proposed building would bring together the Mayor’s and City of London County Court

Read more at: http://www.cityam.com/273445/city-set-get-new-fraud-and-cyber-crime-courts-hub-near

City of London ‘cyber court’ to tackle online fraud in financial sector

A new state-of-the-art court to tackle cyber crime and fraud in the financial sector is to open in the City of London.

Ministers say the court will enhance Britain’s reputation as a country where banking and finance is underpinned by the rule of law, and help the authorities tackle the growing menace of computer crime.

The City of London Corporation will on Monday announce plans for the court to be based in the Square Mile.

The specially built court, which is still in the planning stage, is expected to be built within walking distance of the Royal Courts of Justice, the Rolls Building and the Old Bailey.

Dominic Raab, the Justice Minister, said: “This new flagship court will build on UK legal services’ unique comparative advantage, by leading the drive to tackle fraud and crack down on cyber-crime.

“By reinforcing the City’s world-leading reputation as the number one place to do business and

Read more at: http://www.telegraph.co.uk/news/2017/10/08/city-londoncyber-court-tackle-online-fraud-financial-sector/

Greek court clears US extradition of Russian bitcoin fraud suspect

ATHENS (Reuters) – A Greek court cleared the way on Wednesday for the extradition to the United States of a Russian, also wanted by Moscow, suspected of laundering billions of dollars in digital currency bitcoin.

Alexander Vinnik, the alleged mastermind of a $4 billion bitcoin laundering ring, is one of seven Russians arrested or indicted worldwide this year on U.S. cybercrime charges.

Since his arrest in a beachside village in northern Greece in late July, Moscow has also requested he be returned home, as it has previously done with other nationals wanted by the U.S.

Vinnik, who appealed Wednesday’s decision, is accused of running BTC-e — a digital currency exchange used to trade bitcoin — to facilitate crimes ranging from computer hacking to drug trafficking since 2011.

U.S. authorities also linked him to the failure of Mt. Gox, a Japan-based bitcoin exchange that collapsed in 2014 after being hacked. They

Read more at: https://www.reuters.com/article/us-greece-russia-cyber-extradition/greek-court-clears-extradition-of-russian-cyber-crime-suspect-to-u-s-idUSKCN1C90QR

From vishing fraud to MU mess: Top five stories from Mumbai

The Mumbai police on Tuesday arrested the brother-in-law of a prominent Bollywood actor on betting charges. A 67-year-old man from Versova became the latest victim of a vishing fraud, where a cyber criminal in a late night phone call posed as a bank official and tricked the senior citizen into giving his debit card details, and used them to withdraw Rs60,000 from his bank account. Mumbai University vice chancellor, Sanjay Deshmukh, who is on his way out, had told the Governor that monitoring the assessment of answer papers was not part of his day to day work. In a scathing attack on Prime Minister Narendra Modi, Maharashtra Navnirman Sena chief Raj Thackeray said that Modi’s support to social media trolls could lead to anarchy. In a move that could set tongues wagging within political circles, Prime Minister Narendra Modi on Tuesday congratulated Yuva Sena chief Aaditya Thackeray for participating

Read more at: http://www.hindustantimes.com/mumbai-news/from-vishing-fraud-to-mu-mess-top-five-stories-from-mumbai/story-lJ0HCvWB9Pz9xbfngMAGdM.html

Mumbai senior citizen latest victim of vishing fraud, loses Rs67,000 to ‘bank official’

A 67-year-old man from Versova became the latest victim of a vishing fraud, where a cyber criminal in a late night phone call posed as a bank official and tricked the senior citizen into giving his debit card details, and used them to withdraw Rs60,000 from his bank account. Till date, over 400 cases of card fraud have been reported in the city, in which a majority of cases are of vishing, which means more than one person falls prey to this fraud daily in Mumbai.

According to the Versova police, the victim is a resident of a housing society on JP Road in Versova, Andheri (West). Around 11.40pm on September 21, when the senior citizen was at home, he received a phone call from the fraudster who said he was calling from his bank and that they were upgrading the database by linking their customer’s card details with their

Read more at: http://www.hindustantimes.com/mumbai-news/mumbai-senior-citizen-latest-victim-of-vishing-fraud-loses-rs67-000-to-bank-official/story-ZDGKrlC8Xxw1bXv6K95b1M.html

AARP’s Fraud Watch Network to present program at Noble Horizons



SALISBURY The AARP CT Fraud Watch Network, Noble Horizons and Salisbury Bank Present: The Con Artist Playbook

On Sept. 14 at 12 p.m., Noble Horizons and Salisbury Bank will co-host the AARP CT Fraud Watch Network for, “The Con Artist Playbook,” an interactive conversation that focuses on the psychology behind consumer fraud crimes and ways to fend off the scammer. Every day, millions of Americans lose their hard-earned money to identity theft, investment fraud and other types of scams.

This program will look inside the mind of a criminal, explore protective strategies

Read more at: http://www.registercitizen.com/general-news/20170908/aarps-fraud-watch-network-to-present-program-at-noble-horizons

Miles 4 Moe 5K walk/run registration open; Norfolk Land Trust to hold road race; fraud seminar to be held; players …



TORRINGTON The Miles 4 Moe Foundation will present its eighth annual 5K Walk/Run to be held on Sunday, Sept. 17. The foundation continues the legacy of Emil “Moe” Renzullo, by supporting organizations such as Camp MOE that provide an outdoor camp experience to children with and without disabilities. The foundation also supports families who have a child diagnosed with cancer, as well as hospitals and organizations that treat these children.

The Harvest Fest 5K will start and finish at Camp MOE (1145 Brandy Hill Road, Torrington) and consists of paved and gravel roads with rolling hills and fall

Read more at: http://www.registercitizen.com/article/RC/20170829/NEWS/170829745