NAB’s Post

Fraud is the most common crime in the UK and in just one year, 1 in 17 adults in England and Wales became victims. Stop! Think Fraud is a new national campaign against fraud which aims to increase the likelihood that people will adopt behaviours which prevents them from falling victim. The campaign will- ⭐️ Educate the public on different fraud types and the facts which might be used against them ⭐️ Encourage them to take a moment to Stop! Think Fraud when they come into contact with potential fraud, taking a moment to consider and look into it, before making payments or providing personal details ⭐️ Empower them by giving them the tools and knowledge to recognise fraudulent behaviour and take action to stop and prevent it

🔒 Cyber Defence Alliance: Collaborating in the Fight Against Online Fraud We're excited to announce the launch of our LinkedIn page and share our role in dismantling a major criminal network, as reported by the BBC News. In collaboration with the Metropolitan Police, National Crime Agency (NCA) and City of London Police, amongst others including global partners, our efforts led to: • 37 arrests worldwide • Seizure of 480,000 card numbers and 64,000 PIN codes • Disruption of a service profiting nearly £1 million from criminal activities As referenced by Tom Symonds, "the gang's activities were discovered in 2022 by the #CyberDefenceAlliance, a small team of investigators funded by UK financial bodies to infiltrate criminal networks on the dark web." This operation highlights the power of domestic and international cooperation in combating cybercrime. #CyberSecurity #FraudPrevention #CyberDefenceAlliance #OnlineSafety #CyberCrime #CDA #LabHost #CyberFraud Garry Lilburn Graham Wylie Craig Rice Mateusz Szuminski Julius Mapag Jay P. Moustafa Ahmed https://lnkd.in/ev4Dg8yu

🚨 INTERPOL Recovers $40 Million Lost in Business Email Compromise Attack INTERPOL recovered over $40 million stolen in a Business Email Compromise (BEC) attack on a Singaporean company. Top 3 takeaways: 😈 The company was tricked into sending $42.3 million to an attacker-controlled account through a fraudulent email. 👮 INTERPOL’s I-GRIP mechanism and cooperation with Timor Leste authorities led to the recovery and arrest of suspects. 🌍 This was one of the outcomes of a global police operation in June, which arrested 3,950 people involved in various cyber scams, recovered millions of dollars, and highlighted the importance of swift, international cooperation in combating financial crimes. #cybersecurity #news #bec #interpol #singapore #cybercrime #fraud #kraven #KravenSecurity #adamgoss #cti #threatintelligence

Mind blowing initiative from Indian Cyber Crime Coordination center (I4C) I4C came up with online suspect registry of the 1.4 million cybercriminals linked with financial frauds and various cyber crimes. As of now it’s accessible only for states, Union Territories, as well as central investigation and intelligence agencies . I hope soon financial institutions will get access to it for real time verification to avoid such frauds, which is much needed at the moment. What do you think about this initiative?

In 2023, Canadians lost over $567 M to fraud, of which over 75% was cyber-enabled. Social media has become a powerful tool for fraudsters. Learn how the Internet has changed the fraud landscape: https://lnkd.in/euVq9Dge #FPM2024

#HerdMentality January is a tight time money-wise for many and a timely reminder that money mules are being recruited at an ever-growing pace. 🤦♀️🤦♂️ #DontBeAnAss  Money mules are controlled by criminals who are known as ‘mule herders’. Typically, a herder may have 30 or 40 money mules working for them. The herders in turn answer to facilitators who in turn answer to the very top of organised crime gangs operating cyber scams. The leaders of those gangs can be based anywhere in the world. #SharingYourAccount #FinCrime #CriminalRecord https://lnkd.in/eNXsk8Cr

🚨 Scam Alert: The "Royal Tiger" robocall gang has been classified as a major threat by the FCC. This international group makes fraudulent calls impersonating federal agencies, banks, and utility companies to deceive victims. #FCC #ConsumerProtection #ScamAwareness #FraudPrevention #CyberSecurity #DigitalSafety #PhoneScams #IdentityTheft #FinancialSafety #ScamAlert

⚠️The Rise of Online Fraud in Malaysia⚠️ In 2023, 37% surge in online financial fraud, totaling RM1.13 billion (equivalent to $240 Million). Behind this alarming trend, a silent struggle emerges – victims, from officials to business leaders, staying silent due to societal fears. Deputy Prime Minister Datuk Seri Fadillah Yusof advocates strategic action. Upgrade legislation, amplify penalties, and fortify cybersecurity. Read more from the article below. #HiTRUST #DigitalSecurity #FraudPrevention #Malaysia #FraudDetection #3dsecure

We’re excited to be attending Counter Fraud, the UK’s leading public sector counter-fraud event, in February. It’ll be a great opportunity to catch up with this community, and learn more about their top concerns and challenges are right now. We’ll also be helping investigators understand how they can get the most out of OSINT in order to fight fraud more effectively – if you’re also attending, you can find out more by talking to us at Stand 32. In the meantime, why not read our article outlining why and how OSINT should be used to counter fraud: https://hubs.li/Q02hXNYs0 #PreventFraud #CounterFraud24 #OSINT