Officials are warning people to remain vigilant over scam emails purporting to be from supermarket, Asda.

Action Fraud, the UK’s national reporting centre for fraud and cybercrime, has received 1,754 reports in two weeks relating to fake emails purporting to be from Asda.

The emails state that the recipient has won a free prize which can be claimed by completing a survey.

https://uk.news.yahoo.com/officials-warn-people-vigilant-over-040000440.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Rishi Sunak has promised to save the taxpayer £12 billion a year by clamping down on benefit fraudsters and reforming the welfare system.

The Conservatives will make a manifesto pledge to halt the rising costs of welfare by reforming the benefits system if they win the election.

https://www.msn.com/en-gb/money/other/rishi-sunak-i-ll-save-taxpayers-12bn-by-beating-benefit-fraud-and-reforming-welfare/ar-BB1nSknG?ocid=BingNewsSearch

Imagine a world in which the police, lawyers and cryptocurrency exchanges worked harmoniously together, in aid of the victims of crypto scams…well…

In a groundbreaking case, the collaborative efforts of police, lawyers, and cryptocurrency exchanges led to the successful recovery of stolen life savings for an elderly, vulnerable victim. This success story showcases the power of innovative thinking and cooperation in the fight against cryptocurrency fraud.

https://www.emmlegal.com/news/recover-stolen-crypto-assets/

The latest fraud threatening the UK could cost businesses at least £4.2billion if appropriate steps are not taken, new research from LexisNexis Risk Solutions shows.

A new study looked at over 72million consumer profiles and found 2.8million showing several signs of 'Frankenstein cloning', where fraudsters stitch real and made-up personal details together to create a 'new' synthetic identity to spoof credit checks and commit high-value fraud against banks and credit providers.

https://mondovisione.com/media-and-resources/news/three-million-frankenstein-identities-pose-a-multi-billion-pound-fraud-threat/

A fifth (20 per cent) of advisers do not have protective measures against fraud and scams in place, research from Opinium has revealed.

The research, which surveyed 200 financial advisers earlier this year, suggested this lack of measures could leave advisers at risk of an incident or an attack.

https://www.ftadviser.com/your-industry/2024/06/06/fifth-of-ifas-lack-protection-against-fraud/

Mike Lynch, once hailed as Britain’s king of technology, has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an 11-billion-dollar (£8.64 billion) deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard (HP).

https://www.impartialreporter.com/news/national/24371971.tech-star-mike-lynch-acquitted-fraud-8-6bn-deal-hewlett-packard/

Seven people have been arrested by fraud investigators as part of a criminal investigation into collapsed law firm Axiom Ince and around £66 million of missing client money.

The Serious Fraud Office (SFO) said over 80 of its investigators, accompanied by Metropolitan Police officers, conducted nine raids across the South East early on Tuesday morning to bring people in for questioning and search for possible evidence.

https://www.msn.com/en-gb/news/uknews/seven-arrested-as-sfo-launches-probe-into-suspected-fraud-at-law-firm-axiom-ince/ar-AA1jUHso

Even the best of us can fall victim to a scam, as the Pensions Age team saw just this week, after a colleague wrote a post on social media about some concert tickets she was looking to sell.

Excited by the opportunity, we all missed (or perhaps purposefully ignored) the obvious spelling errors, the fact that the post sounded, quite honestly, nothing like this person, and the fact that she had never mentioned this in person – we simply wanted it to be true.

https://pensionsage.com/pa/Blog-Too-good-tobe-true-removing-the-scam-stigma.php

If there is one thing that history has taught us about the evolution of cybercrime, it is that significant technological developments are a catalyst for dramatic shifts in criminal methods.

The evolution of cybercrime is marked by periods of rapid innovation followed by phases of consolidation. With artificial intelligence (AI) reshaping business operations, it's crucial to consider whether AI will spark a new era of cybercrime or simply enhance existing criminal efficiencies.

https://www.mishcon.com/news/cybercrime-bracing-for-impact-of-ai-a-big-change-or-business-as-usual

More than half a billion pounds has been lost to fraud so far this year, as the number of romance and purchase scams spiral.

The latest fraud data sent to the Government today by industry body UK Finance reveals a growing fraud epidemic.

The number of reported cases of romance scams has soared, rising 29 pc in the first half of the year, compared with the same period in 2022.

https://www.msn.com/en-gb/money/other/crooks-flood-social-media-as-romance-fraud-cases-rocket/ar-AA1iN9Lo