Fraud News – Page 10
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NewsAviva calls on government to make Online Safety Bill inclusive of spoofing scams
FCA data reported that £78m was stolen by clone firm investment scams between January and December 2020
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NewsBackchat November 2021
A spy running late, a spooky Halloween inspired game for brokers and a controversial home insurance advert. What has the insurance industry been up to lately? You heard it here first…
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NewsIndustry alerted over fraud risk surrounding foreign registered vehicle claims
Motor claims for foreign registered vehicle claims have reduced due to Brexit and the Covid-19 pandemic, but fraud concerning these vehicles has continued
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NewsFCA calls for Online Safety Bill extension in latest report
The regulator’s chief executive says the FCA is ’committed to being more innovative, assertive and adaptive’
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NewsCredit hire company pays defendant’s costs in fundamentally dishonest PI case
The judge found this type of dispute to be ‘a convenient camel for hire companies to ride across the plains’
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NewsFraudulent claims dropped 10% in 2020 – ABI
The trade body’s figures also reveal a record-breaking claims value in oversea travel scams
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NewsGhost broking losses amount to £786,700 in 2021 so far - Action Fraud
Students identified as ‘a prime target’ for ghost brokers
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NewsVehicle car leasing service warns of click-to-call Google spoofing scams
The IFB, IFED and the ABI have issued a warning about click-to-call scammers misrepresenting insurers
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NewsAviva reveals ‘clear mistrust of financial services adverts online’
The insurer is calling on the UK government to update its Online Safety Bill
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NewsTokio Marine Insurance Singapore falls victim to ransomware cyber attack
The group has since hired an external specialist to verify the impact of the attack
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NewsBogus car insurance broker sentenced after pocketing almost £18k
The fraudster was also behind a dissolved broker advertising insurance services for private clients
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NewsIFB backs calls for government to include online ads in Online Safety Bill
The ABI has joined the IFB in asking the government to include online ads in the bill
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NewsBritish businesses suffer average loss of £223,516 from cyber-attacks – SJL Insurance
To protect assets, companies should invest in adding cyber insurance to business policies
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NewsFCA issues £90m fine to LBGI for misleading home insurance communications to customers
Home insurance customers were told they were receiving a ‘competitive price’ or ‘discount’ for loyalty at renewal, however this language was not substantiated
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NewsIFED cracks down on insurance ghost broking with seven arrests
The IFB’s head of intelligence and investigations said ghost brokers ’are not afraid to take advantage of the financial hardship so many drivers are facing right now’
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NewsFootballer ordered to pay £5,000 following insurance fraud
A 33-year-old man scored a halfway line goal during a football match, despite claiming that he was unable to play after sustaining a foot injury in a road traffic accident four years ago
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NewsThree taxi drivers convicted of fraud by misrepresentation
ERS’s claims manager said the case demonstrated ’an act of wilful deception’, which is why the insurer felt it ’had no choice but to pursue a criminal prosecution’
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NewsMotorcyclist fails to ride off with £20,000 personal injury claim after fundamentally dishonest verdict
The claimant, who pursued the case for five years, has been found fundamentally dishonest by the County Court at Kingston upon Thames
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NewsLack of cover leaves SMEs exposed to cyber attacks – Aviva
Over three-quarters of businesses do not have any cyber insurance cover in place, despite escalating digitisation
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NewsCrash for cash scams still ‘a strategic priority’ as lockdown offers organised fraud opportunity
Crash for cash fraud is ‘still alive and well’ despite the Covid-19 pandemic meaning Brits are driving less, said expert industry panel
