With the UK school year coming to a close next week, thousands of families will be looking forward to much-needed getaways. However, parents are being warned of new QR code scams proliferating in tourist areas of the country, particularly in car parks, as well as in other public spots like restaurants, pubs, and parks, around common holiday destinations in the UK.

QR Code Generator has provided some expert tips to avoid falling victim to false codes and ‘quishing’ scams this summer holiday.

https://ifamagazine.com/schools-out-scams-in-alert-for-uk-holiday-makers/

A new report is calling for the establishment of a Fraud Commissioner and for all economic crime – including fraud – to sit with a dedicated cabinet minister.

Published on Thursday (July 18) by Crest Insights, the think-tank for the criminal justice system, the White Paper highlights the need for a “renewed focus” on online fraud within government strategy.

https://policeprofessional.com/news/new-white-paper-calls-for-step-change-in-fraud-response/

The number of holiday scams has tripled in the first half of 2024, and a lender has warned families to stay alert when booking a trip to sunnier climes.

The warning comes as July has proven to be a particularly fruitful time of year for fraudsters, as £34,000 was taken from Santander customers in that month in 2023.

https://www.yourmoney.com/household-bills/holiday-scams-triple-santander-urges-families-to-stay-alert-during-summer-break/

Organisations should be preparing now for a new ‘failure to prevent fraud’ offence in the UK, as organisation-wide understanding of the requirements and responsibilities may be necessary.

https://www.pinsentmasons.com/out-law/analysis/eccta-preparing-for-the-new-failure-to-prevent-fraud-offence

Fraud accounts for 40 per cent of all reported crimes, new data has revealed, as Britons report that they are seeing an increase in scam activity.

Nearly £1.2billion was lost to fraud last year, according to figures from the National Crime Agency, with 3.5 million fraud offences having been committed in the year to March 2023.

https://www.msn.com/en-gb/money/other/fraud-now-makes-up-almost-half-of-reported-crime-how-to-avoid-getting-scammed/ar-BB1q05io

• New ClearScore research finds that nearly half (46%) of Brits worry about falling victim to internet or phone scams – the equivalent of nearly 22 million people
• The figure rises to 49% when worrying about parents and grandparents being at risk
• Worryingly, the new study reveals that 1 in 5 (20%) of people say they have elderly people close to them who have been victims of fraud
• ClearScore offer their top 5 tips on how to stay safe from online and telephone fraud

https://ifamagazine.com/scams-46-brits-worry-theyre-at-risk-as-experts-share-5-top-tips-for-staying-safe/

Complaints about the banking sector have reached the highest level in at least a decade, according to the Financial Ombudsman Service (FOS).

Consumers raised 80,137 cases with the free resolution service about banking and payment products in the financial year 2023/24, compared with 61,995 in 2022/23.

Concerns about current accounts and credit cards and worries about frauds and scams were behind the increase, the service said.

https://uk.finance.yahoo.com/news/banking-complaints-reached-highest-level-230100989.html

Malware - or malicious software - is helping to fuel a murky underworld of bank card theft on the dark web, it has been revealed.

Criminals are selling software programs to other criminals which allow them to more easily harvest unsuspecting victims' personal card details - often on 'subscriptions' costing as little as £80 per month.

https://www.msn.com/en-gb/money/technology/scammers-signing-up-to-credit-card-stealing-subscription-service-for-80-a-month/ar-BB1pUbNJ

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

From October 2024, payments services providers in the UK must reimburse consumers who have fallen victim to an APP scam when using Faster Payments. The reimbursement will be split 50:50 between sending and receiving PSPs.

https://www.finextra.com/newsarticle/44441/uk-economic-secretary-tulip-siddiq-called-on-to-reduce-app-fraud-reimbursement-to-30k

Tensions between the consumer group Which? and the trade body The Payments Association remain high, with the pair at odds over their approach to tackling payment fraud as new figures show soaring scam cases.

Starting in October 2024, the Payment Systems Regulator (PSR) will implement new rules for authorised push payment (APP) scams – where fraudsters trick people into sending money online to fake payees – setting a £415,000 maximum reimbursement level to cover the money lost.

https://thefintechtimes.com/banking-complaints-surge-which-payments-association-lock-horns-over-fraud/