Tag: fraud

News and information from the Advent IM team.

More than a third of firms report fraud increase in 2021

Eight in ten mid-sized businesses in the Midlands experienced fraud in 2021, with more than a third (39 per cent) of companies reporting an increase on the previous year, according to a new survey from accountancy and business advisory firm BDO LLP. BDO’s Fraud Survey – which monitored fraud trends at 500 mid-sized UK firms […]

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Banks accused of neglecting customer security measures

Many UK retail banks are leaving their customers exposed to fraud by neglecting to implement website protections and allowing users to set laughably insecure passwords to use their online services, according to consumer rights organisation Which?. Which?’s investigation, conducted with assistance from security firm 6point6, tested the online and mobile app security of the UK’s […]

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Ofcom Orders Crackdown on Fraudulent International Calls

The regulator says that phone companies must automatically block fraudulent calls made through the internet – if they come from abroad but pretend to be UK numbers. Communications regulator Ofcom will ensure millions of potential scam phone calls never reach their target as they oblige phone companies to block fraudulent calls made from overseas. The […]

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Why phone scams are so difficult to tackle

Many of us now refuse to answer telephone calls from an unknown number, for fear that it could be a scam. A recent report suggests that we are right to be cautious. In the 12 months to March 2021, phone call and text message fraud across England, Wales and Northern Ireland was up 83% from […]

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Over 60 Million Americans Exposed Through Misconfigured Database

Security researchers have discovered an online database completely unsecured and exposed to the public internet, containing the personal details of at least 63 million Americans. The database itself contained around 126 million records. Depending on the number of duplicates in there, the number of affected individuals could be anywhere between 63 million and 126 million […]

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