A UK-founded website used to defraud victims on an industrial scale has been infiltrated by police, leading to a number of arrests around the world.

As many as 70,000 UK victims were tricked by LabHost's scams, which obtained 480,000 card numbers and 64,000 PINs globally.

https://www.itv.com/news/2024-04-18/dozens-arrested-and-thousands-of-victims-contacted-after-scam-site-taken-offline

Consultancy firm will support new pilot Public Sector Fraud Authority Enforcement Unit.

The Cabinet Office has signed a contract with Deloitte to provide professional services support for a new unit which will work with departments and public bodies to tackle fraud.

https://www.civilserviceworld.com/professions/article/cabinet-office-signs-up-deloitte-to-support-counterfraud-enforcement-unit-pilot

“Criminals are finding new and sophisticated ways to target consumers, such as through social media and AI and deepfake technology,” Mike Haley, CEO of Cifas said.

Increasingly advanced technology has allowed fraudsters to increase the sophistication and efficacy of their malicious social engineering ploys, new research has found.

https://www.digit.fyi/social-engineering-ramps-up-with-ai-tools/

Telecommunications giant AT&T Inc. (NYSE:T) recently disclosed a significant data breach dating back to 2021 that resulted in the exposure of sensitive information belonging to 73 million users and is now circulating on the dark web.

https://finance.yahoo.com/news/73-million-t-users-data-173015617.html

Fraudsters have been sharpening their social engineering tactics and continued to exploit cost-of-living pressures, according to Cifas.

Criminals are finding new ways to target consumers using social media and deepfake technology, with cost-of-living pressures also having an impact, according to a fraud prevention body.

https://www.shropshirestar.com/news/uk-news/2024/04/16/criminals-ramp-up-social-engineering-and-ai-tactics-to-steal-consumer-details/

Cases of bank fraud have been rising so it is important to be aware of how to spot fraud before you become a victim. Fraudsters are becoming well adept knowing how to target and scam people to gain access to accounts or to steal money from you. Don't be embarrassed and make sure you act as soon as you realise.

Contact your bank

If you think you are a victim of fraud your first step should be calling your bank as soon as you know to explain the situation.

https://www.finance-monthly.com/2024/04/what-to-do-if-you-are-a-victim-of-bank-fraud/

Experts have warned the public following a rise in scams fueled by identity theft.

The Insurance Fraud Bureau (IFB) has reported a 97 per cent increase in organised insurance fraud by stolen identities in the past year.

Identity theft has a catastrophic financial impact on victims and aids a broad spectrum of insurance scams, including perilous crash for cash operations and ghost broking.

https://uk.news.yahoo.com/rising-identity-theft-sees-97-040000122.html/

Six years on from the UK government introducing Unexplained Wealth Orders as a new law enforcement tool to combat ‘dirty money’, Commercial Litigation and Fraud partner Pia Mithani spoke to City AM’s Ben Lucas about their relative lack of use by the UK’s authorities to date.

https://www.stewartslaw.com/news/why-are-uwos-so-unpopular/

The amount of fraud cases has been rising and with digital banking becoming the new norm there are many ways someone can get access to your account. It is important to stay aware of scams so you can protect your accounts.

The Guardian reported that fraud cases in the UK more than doubled in 2023 to £2.3bn.

https://www.finance-monthly.com/2024/04/how-to-prevent-and-spot-bank-fraud/

Britain's biggest benefit fraud gang has been convicted for a £50 million Universal Credit plot.

Five Bulgarians - Galina Nikolova, 38, Stoyan Stoyanov, 27, Tsvetka Todorova, 52, Gyunesh Ali, 33, and Patritsia Paneva, 26 - admitted to fraud and money laundering related offences at Wood Green Crown Court for their involvement in a multimillion-pound scam on the benefit system.

https://www.itv.com/news/2024-04-10/britains-biggest-benefit-fraud-gang-guilty-of-50m-universal-credit-plot