Fraud News – Page 6
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NewsUK ransomware attacks rise by 100% in 2021 – RPC
Despite the increase, businesses risk being underinsured until insurers ‘take matters of cyber security seriously’, says cyber and tech head
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NewsOnline Safety Bill introduced to parliament
New measures have been introduced to push tougher criminal sanctions on tech bosses and data manipulation
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NewsSerial fraudster is sentenced to six months’ imprisonment
Insurers working in tandem with each other and the police is ‘crucial’ for combatting fraud, says counter fraud director
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NewsPre-inception loss fraud upticks by 156% - LV=GI
The easing of Covid-19 restrictions is also triggering increased activity from organised crime groups
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NewsSedgwick names new UK head of fraud technology and intelligence
The loss adjustor has saved clients more than £100m in fraud costs over the past few years
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NewsAviva backs Online Safety Bill amendment to stamp out illegal content
Ofcom will now be able to issue fines to websites that do not comply with the bill’s measures
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NewsInsurance Fraud Bureau appoints Axa veteran as new non-exec director
The new non-executive director’s ‘expertise will prove invaluable’ as the organisation shapes its strategic direction, says IFB director
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NewsInsurtech startup raises £3m to scale insurance fraud platform
The business will also be investing in its people, with plans to double the size of its engineering team
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NewsDrones, medical malpractice and cyber are top tech risks for 2022 - DAC Beachcroft
Climate change was also cited as a key risk by the law firm
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NewsFraudsters to shift focus from whiplash injuries to property disrepair claims
‘Broad’ terms and conditions could cause property disrepair claims to be a target for fraud as whiplash claims become ‘less lucrative’ following the OIC portal launch
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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
