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Find the latest news and information on fraud losses from ComputerWeekly.com and the web.

All ResultsResults from Computer Weekly - FRAUD LOSSES

Online frauds rise as card scammers get away with less
...Security Alerts Online frauds rise as card scammers get away with less Online bank fraud rose 55% to £39m but card fraud losses were down 23% to £232.8m in first half of 2009 compared to the same period last year, Financial Fraud Action UK... http://www.computerweekly.com/Articles/2009/10/07/238029/online-frauds-rise-as-card-scammers-get-away-with-less.htm
CSI Security Survey Shows Huge Increase in Financial Fraud (David Lacey's IT Security Blog)
...CSI surveys have indicated a downward trend. It’s also interesting to note that for the first time, financial fraud losses have overtaken the costs of virus attacks. In fact they are more than twice as high. The survey also indicates an... http://www.computerweekly.com/blogs/david_lacey/2007/09/csi-security-survey-shows-huge.html
HSBC adopts SAS fraud spotting system
...financial institutions. The bank also plans to use the SAS technology for risk management functions too, to help it sift out applications for credit. Credit losses usually lead to much bigger losses for banks than fraud losses. http://www.computerweekly.com/Articles/2006/05/19/216025/hsbc-adopts-sas-fraud-spotting-system.htm
Tackle internal fraud
...longer afford to ignore the threat from within. Internal fraud made up more than a quarter of the £1.19bn of fraud losses recorded in cases brought before UK courts in 2008 according to KPMG's annual Forensic Fraud Barometer. The report... http://www.computerweekly.com/Articles/2009/03/24/235383/tackle-internal-fraud.htm
Retailers prepare for public trial of fraud-busting chip and Pin scheme
...chip and Pin" initiative, which aims to cut card fraud losses by more than half, will be trialled in Northampton...fraud, said the initiative should more than halve card fraud losses, which last year rose by 30% to £411m. The Association... http://www.computerweekly.com/Articles/2002/08/22/189177/retailers-prepare-for-public-trial-of-fraud-busting-chip-and-pin.htm
Revealed: Internet and phone are media of choice for fraudsters
...force, the DCPCU. Payment card fraud losses rose 14% to £302m in the first...by 415%." Online banking fraud losses were up 185% to £21m, and cheque fraud losses up by 35% to £20m, she said... http://www.computerweekly.com/Articles/2008/10/01/232525/revealed-internet-and-phone-are-media-of-choice-for-fraudsters.htm
David Lacey's IT Security Blog
...CSI surveys have indicated a downward trend. It’s also interesting to note that for the first time, financial fraud losses have overtaken the costs of virus attacks. In fact they are more than twice as high. The survey also indicates an increase... http://www.computerweekly.com/blogs/david_lacey/economics-of-security/
Apacs says phishing scams up 200% for first quarter
...actually sent by fraudsters. Although online banking fraud losses decreased by a third from £33.5m in 2006 to Â...communications at Apacs, said, "Although online banking fraud losses fell last year, the fraudsters clearly are not giving... http://www.computerweekly.com/Articles/2008/04/15/230296/apacs-says-phishing-scams-up-200-for-first-quarter.htm
Fraud through the roof?
...opportunity formation for the motivated insider threat. So David, sportman's bet about the level of corporate fraud losses in six months time? Bookmark and Share Tags: fraud Posted by Duncan Hart on February 4, 2009 7:00 AM... http://www.computerweekly.com/blogs/stuart_king/2009/02/fraud-through-the-roof.html
Identity is no longer a matter of what you know, but who you are
...identity fraud. For example, since 2006 and the introduction of chip-and-Pin card technology in the UK, bank card fraud losses have fallen by nearly £80 million, according to the APACS UK Payments Authority. But in some instances, where... http://www.computerweekly.com/Articles/2008/07/22/231588/identity-is-no-longer-a-matter-of-what-you-know-but-who-you.htm
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All ResultsNews and blogs from the web - FRAUD LOSSES

Insufficient rules and defense mechanisms increase online fraud losses at most airlines
...Insufficient rules and defense mechanisms increase online fraud losses at most airlines (07/08/2009) Airlines report...booking channels. Fraud detection tools and payment fraud losses are top of mind according to a recent webinar and poll... http://www.securitypark.co.uk/security_article263543.html
Report: Sarbox Worsens Fraud Losses
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Card holder not present fraud figures rise again
US retailers face $100bn in ID fraud losses a year - study
It's time to think differently about protecting data
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Fraud Loss Prevention

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All ResultsOther content from the web - FRAUD LOSSES

Phishing attacks and online banking fraud losses soar in the UK | Pinsent Masons LLP
...Phishing attacks and online banking fraud losses soar in the UK Phishing attacks and online banking fraud losses soar in the UK OUT-LAW News...fraud grew. "Online banking fraud losses totalled £39 million during the six... http://www.out-law.com/default.aspx?page=10431
The fight against fraud
Equifax Announces Business Fraud Advisor to Reduce Commercial Fraud Losses
In 2007, ATM fraud losses rose by 43 percent in Europe to Ç439.01 million (US$683.7 million) from...
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