It seems that barely a week goes by without reports of an organisation, often in the charity or public sector, having been the victim of a significant fraud. The latest report by the National Fraud Authority, published in 2013, estimated that fraud costs the charity sector over £140 million a year. Almost 10 per cent of the charities that responded to the NFA's survey on fraud had identified fraud in the previous 12 months.
Money transfer is a great way to send money quickly and conveniently to friends and loved ones, but just as you wouldn't hand an envelope of cash to a stranger, you should never transfer money to someone you have never met in person. You would be surprised by how many people do not follow this one key rule.
For many in the technology sector, one of the most discussed topics in recent months has been digital fraud and online security. This is an area in which I have a great deal of interest, as it continues to play a significant role in the demand for specialist skills in the Financial Services & Banking Sectors.
Market abuses like Libor helped to precipitate and exacerbate the economic crisis that has beset the world over the last few years. Yet, while the victims of this sort of fraud can be measured in millions and damages in billions, convictions remain only too rare and sentences are often lenient, considering the scale of the crimes.
Spam is ubiquitous today and the people behind these messages will find any excuse to persuade you to part with your cash. Most of us are familiar with the 'family-in-distress' tactic used by scammers over recent years and believe we have the edge on them. But now there is a new plot, a new story-line with new characters.