Cifas

👻 🎃 Don’t put the boogieman on the payroll this #Halloween🎃👻 With 1 in 11 people admitting to lying on their CV, the insider threat to your organisation is more real than you think.   Keep the boogieman at bay by becoming an Insider Threat Protect member today: https://lnkd.in/ewQk_7Pt #Halloween2024 #scammerhouseofhorror #insiderthreat #CVFraud #FraudComics

Returning for its third year, our latest research with Opinion Matters surveyed 500 decision-makers at large corporates about their fraud prevention training priorities. We asked how they upskill their workforces to identify and detect signs of fraud, and what counter-fraud measures they’ve put in place to protect staff, customers and wider stakeholders. Here’s how they responded… To read the full report, head over to https://lnkd.in/emYkZYB8 #Fraud #Fraudprevention #Training #Learning #InvestinLearning #FraudTraining #InternalLearning #ProfesstionalLearning

Our Annual Report for 2023-24 is now available. Some highlights include: 𝗙𝗼𝗿 𝟮𝟬𝟮𝟯: - Using Cifas products and services, members prevented over £1.8 billion in fraud losses. Members saw a return of £196 for every £1 spent on their membership. - Over 370,000 cases of fraudulent conduct were recorded to our National -Fraud Database – More than 1,000 cases a day. - We launched our digital learning platform Apollo, which has seen users complete 3,555 learning modules. 𝗜𝗻 𝟮𝟬𝟮𝟰: - We launched our new APP Victim Check and Beneficiary Check services, allowing our members to not only protect and prevent their customers from APP fraud as well as intercepting mule activity, but help better meet costs linked to the introduction of the PSR mandatory reimbursement rule changes. - Our ongoing customer monitoring tool Vision has gone from strength to strength now utilises the data from APP victim check and Beneficiary Check services, enabling Members to react quickly to prevent losses. Our innovation does not stop there as our ID protection app has now completed testing and is on route to market. And, through the Cifas Fraud Pledges, we are asking government to do much more to help tackle the UK’s #FraudEmergency. We were also very proud to celebrate Cifas achieving a Best Companies Top 50 status. And even more… read the full report now: https://lnkd.in/eR5HAURQ #datasharing #fraudprevention #counterfraud #scamemergency #Fraud #FraudAwareness #FraudPrevention #FraudProtection #EconomicCrime #FinancialCrime #ScamsAlerts #ScamTrends #ScamsEmergency #PSRrule #PSRrulechange #APPFraud

𝗥𝗲𝘁𝗮𝗶𝗹 𝗮𝗻𝗱 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗳𝗿𝗮𝘂𝗱 𝘂𝗽 𝟭𝟵% – 𝗻𝗲𝘄 𝗢𝗡𝗦 𝗱𝗮𝘁𝗮 𝗿𝗲𝘃𝗲𝗮𝗹𝘀 The latest figures from the Office for National Statistics’ (ONS) Crime Survey for England and Wales (CSEW) are out. Key headlines are: 3.6 million incidents of fraud experienced by individuals in year ending (YE) June 2024, compared to 3.3 million in YE June 2023. Although no change in overall CSEW fraud, there was a 19% increase in consumer and retail fraud (to approx 963,000 incidents) compared with the previous year. Around 2.7 million fraud incidents involved a loss (of money or property; victims were fully reimbursed in 1.9 million of these cases. 1 in 7 fraud offences were reported to the police or Action Fraud. Action Fraud also reported a 7% increase in fraud and police recorded fraud was 11% higher (1.3 million offences) compared to YE June 2023. https://lnkd.in/eZM4vxZY It has never been more important for businesses and sectors to share actionable data and intelligence to help keep consumers safe. It is only through effective data sharing that the counter-fraud community will get closer to the fraudsters, building the all-important understanding of their evolving tactics so we can stop them at the source. 𝗥𝗲𝘁𝗮𝗶𝗹 𝗳𝗼𝗰𝘂𝘀 – 𝗵𝗼𝘄 𝘄𝗲 𝗰𝗮𝗻 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗽𝗿𝗼𝘁𝗲𝗰𝘁 𝘁𝗵𝗲 𝘀𝗲𝗰𝘁𝗼𝗿 𝗮𝗻𝗱 𝘁𝗵𝗲𝗶𝗿 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 Through fraud prevention solutions, the retail sector can further strengthen defences and understanding of their specific fraud threats. Cifas’ Jan-June 2024 fraud-risk data showed facility (account) takeover rose by 142% in the retail industry, with criminals targeting consumer accounts to buy and sell on products quickly: https://lnkd.in/eiFdW3uw Cifas has developed a range of products and services to help businesses improve their fraud prevention controls. For example, our real-time customer monitoring tool, Vision, allows organisations to manage consumer risk and investigate notable changes in their behaviour at the earliest opportunity. Find out more: https://lnkd.in/eQs2YA9X #Fraud #FraudAwareness #FraudPrevention #FraudProtection #EconomicCrime #Crime #FinancialCrime #RetailFraud #RetailRisk #AccountTakeover #FacilityTakeover #ConsumerAwareness #ConsumerProtection #ConsumerFraud #Scam #ScamsAlerts #ScamTrends #ScamsEmergency #CSEW #ONS

Collaboration is vital in the fight against fraud, and it is amazing to see it in action! Cifas are proud to be working with Centre for Finance and Security (CFS) at RUSI as well as organisations across public, private and third sectors to tackle ID fraud and ensure a safer future. #datasharing #idprotection #identitytheft #ID #IDfraud #collaboration #crosssector #fraudprevention

Having a robust fraud prevention strategy in place is essential in preventing fraud within your organisation. Build or enhance your fraud prevention through our In Practice: Financial Crime Prevention course, find out more: https://lnkd.in/euC9Uqk5 #fraudprevention #counterfraud #training #learning #fraudlearning #fraudtraining #learninganddevelopment #counterfraudtraining

We are delighted to be attending The Local Government Association Annual conference and exhibition. Visit our stand today and say hello! Yesterday our CEO, Mike Haley hosted the fringe session - The power of collaboration: helping Local Authorities tackle fraud. The impact fraud has on Local Authorities and their residents cannot be ignored. Cifas are proud to be an integral part of the ongoing work to enable Local Authorities to prevent and tackle fraud locally and nationally. To find out about more about Cifas for the Public Sector, head over to https://lnkd.in/gECVwutS #localgovernment #fraudprevention #localauthorities #publicsector #crosssector #collaboration #publicfunds

The clear majority (ie 58%) of key decision-makers in large UK businesses surveyed by leading fraud prevention service Cifas have admitted that fraud and financial crime pose a “serious threat” to their organisations. That figure is up from 49% in 2023’s survey.   Fraud currently accounts for around 40% of all crime in England and Wales and remains a critical issue for companies to tackle: from employees being targeted and insider threats through to supplier fraud and cyber attacks. Cifas’ survey of 500 leaders responsible for training staff, and whose organisations operate with the benefit of 1,000 or more employees, also shows that 98% of respondents feel it’s important to protect colleagues from becoming victims of fraud. This represents an 18% increase from last year. Read more on the Security Matters website https://lnkd.in/dww7GHiB 

More than half of UK large businesses fear fraud will impact their organisations – Cifas research Our latest survey found 58% of key decision-makers in large UK businesses surveyed have admitted fraud and financial crime poses a serious threat to their organisations – up from 49% in 2023. Promisingly, 77% of key decision-makers said their staff training budgets had increased in the last year, suggesting more organisations prioritised how to strengthen fraud defences, workplace safety, and safeguard employee welfare. Read the full release and download the full Cifas Learning Survey Report 2024 today: https://lnkd.in/e4a7MjbH #Fraud #Fraudprevention #Training #Learning #InvestinLearning #FraudTraining #InternalLearning #ProfesstionalLearning

1 in 8 UK people we recently surveyed said it was ‘reasonable’ to take out mobile phone insurance and claim for accidental damage after they had cracked their phone screen. While some might feel this is ‘acceptable’ to do, this type of first party fraud – where an individual presents false information or misrepresents their identity to gain materially or financially – is a growing trend. Even one dishonest act can result in a high cost to many, in this instance telco consumers, as Sky Media UK duo Andy Mayo, Head of Fraud, and Credit Risk Lead Glenn Rumbol, explore in our latest guest blog. https://lnkd.in/eMSKMA5n #FirstPartyFraud #FraudBehaviours23 #Fraud #FraudPrevention #FraudAwareness #FraudProtection #TelcoFraud #TelecomsFraud #InsuranceFraud #ConsumerAwareness