News and blogs for the counter-fraud community
Ransomware is the extortion-driven malware epidemic sweeping the globe. There are a large and growing number of Ransomware programs all with variants being created on a daily basis in order to evade anti-malware tools. As with WannaCry, the designs may increasingly use worm-like capabilities, allowing the malware to spread automatically and rapidly. Most Ransomware infections begin with either inadvertent … Read more
In the spring of 1873, London was agog with news about a group of American fraudsters who had attempted – and nearly got away with – one of the most audacious frauds in history. Known as “the great forgeries upon the Bank of England”, they had carried out the ultimate daylight robbery. Over a three month … Read more
The only thing I can’t work out is the exchange rate from “Pounds Sterly” to Aussie dollars – Anyone know? What amazes me is not that these emails are still doing the rounds but rather that there are still individuals that fall victim to these scams…. As an industry there must be more that we … Read more
The following has been reproduced with kind permission from Jeffrey Robinson In the weeks following the release of “Secrecy for Sale” – the eBook version of the International Consortium of Investigative Journalists’ (ICIJ) brilliant look at tax evasion and the role of the offshore world – the Internet, Facebook and Twitter (especially Twitter) went semi-hysterical with … Read more
So here is an interesting story about Wonga. There is a web site called This Is Money that seems to be part of The Daily Mail (yuck! – Ed) so obviously anyone that lends money is a criminal. There are some interesting points but it doesn’t show how easily fraudsters can get access to peoples’ personal information so that … Read more
A Blog by Neil Pool In November 2010 it emerged that a Finnish company, trading in the UK as Help Loan, had been targeted by organised crime. It was reported that about 9,000 innocent people had their details compromised. Because Help Loan had poor operational procedures, the criminals that stole the identities managed fraudulently obtain … Read more
The following has been reproduced with kind permission from Jeffrey Robinson At this week’s money laundering and asset recovery summit in Antigua where I delivered the keynote address to an audience from several jurisdictions — an audience which included government ministers , the judiciary, law enforcement, financial investigators, bankers, businessmen, the chief justice of the … Read more
The following has been reproduced with kind permission from Patrick Combs A True Story by Patrick Combs [First appeared in the London Financial Times, August 2012 as a cover story of The Arts Section] It was a cheque, made out in my name, for $95,093.35 and it came in a junk-mail letter from a get-rich-quick … Read more