Not every fraud is the result of opportunism. There are many reasons – both overtly criminal and misguided but well-meaning – why people turn towards economic crime.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/oct-2023/understanding-the-mindset-of-fraud

The economic crime and corporate transparency bill is currently in the final stages of the legislative process. The bill, if enacted, is set to make the most significant changes to corporate criminal liability laws for a generation.

https://www.ftadviser.com/opinion/2023/10/04/is-your-business-prepared-for-govt-s-failure-to-prevent-fraud-rules/

Businesses in the UK should be considering how a new ‘failure to prevent’ fraud offence should be accounted for in their compliance programmes and contracts, experts at Pinsent Masons have said.

https://www.pinsentmasons.com/out-law/news/act-ahead-of-new-failure-to-prevent-fraud-offence

Businesses found to have breached UK data protection laws when falling victim to cyber attacks could receive lower fines in respect of those infringements if they engage appropriately with the UK’s National Cyber Security Centre (NCSC), under a new agreement forged by the NCSC and the UK’s data protection authority.

https://www.pinsentmasons.com/out-law/news/uk-gdpr-fines-linked-ncsc-engagement

QR codes that re-emerged into our lives during the COVID-19 pandemic have given rise to a new wave of advanced phishing attacks targeting thousands of organizations worldwide. These evasive threats also known as quishing (QR phishing), lure end users into scanning a QR code sent to them via email using their mobile device camera, redirecting them to malicious websites aiming to steal their login credentials, harvest financial information, or infect their devices with malware.

https://perception-point.io/blog/qr-code-red-quishing-attacks-and-how-to-prevent-them/

A man has been charged in connection with reports of romance fraud involving three women.

Cieran Griffin was arrested in Nuneaton on Friday 29 September and taken to Cheshire for questioning.

The 37-year-old from Coventry, has since been charged with three counts of fraud by false representation.

The charges relate to allegations of romance fraud involving the women from Cheshire, Warwickshire and Hertfordshire.

The Nottingham-based firm provides data and analytical tools to its clients around the world, helping businesses manage credit risk, prevent fraud, target marketing offers and automate decision-making.

Its expertise and access to data will massively strengthen the Nottinghamshire Fraud Partnership’s ability to dynamically identify trends in fraud across the county, including the age and demographics of victims and perpetrators – so that fraud prevention measures can be targeted in the most effective way.

"Fraud" is an umbrella term describing when a person "lies to you or 'scams' you to gain an advantage". It is often linked to trying to extort money, or to learn private information about you. There are countless ways that scammers try and take advantage of their victims, some of which include via email, texts, phone calls or in person.

In a rapidly developing world where technology is becoming more advanced by the day, concerns are growing for online safety.

The Pensions Regulator (TPR) is encouraging trustees and administrators to take a more proactive stance in protecting members from pension scams, as data from the Financial Conduct Authority (FCA) reveals a significant drop in scam attempts. However, concerns persist about underreporting of scams and potential fraud victims who may be unaware of their situation.

https://uk.investing.com/news/stock-market-news/pension-scam-attempts-fall-but-danger-persists-regulators-and-industry-experts-urge-vigilance-93CH-3173560

People are more worried about the effects of online fraud than other crimes, such as knife crime, burglary and sexual offences, according to a new survey.

The poll – for criminal justice experts at Crest Advisory – found that young people were the group most likely to be affected by online fraud, even though half of those questioned believed the elderly were most at risk.

https://www.policeprofessional.com/news/people-more-worried-about-being-victims-of-online-fraud-than-other-crimes-survey-finds/