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Posts Tagged :

fraud

Save £35k by deleting emails from your CEO

960 640 Guest Post

You work in finance. You get an email from your CEO addressing you by your first name, apologising for the late Friday email, but requesting you make an urgent payment to a regular supplier, with account details helpfully provided in the email. You’d pay it, right?

CEO fraud is an increasingly common type of phishing attack, where a threat actor impersonates a senior executive, and attempts to coerce an employee into transferring funds or personal information to the attacker’s account.

The average cost of this attack has risen to £35,000, but how do they keep getting away with it? Check out the latest advice from Corvid:

https://www.corvid.co.uk/blog/save-yourself-35k-delete-ceo-emails

Home Office announces Government Counter Fraud Profession division

960 640 Stuart O'Brien

The Home Office has this week announced the Government Counter Fraud Profession (GCFP), which will create a new community of counter fraud specialists across government, with benefits for both individuals and organisations.

The GCFP will enhance the structure of the Government’s counter fraud capability and put the UK Government in a better position to find and fight fraud and economic crime.

The launch of the profession represents the culmination of two years work, with over 100 organisations having been involved in its development. It will provide counter fraud specialists across Government organisations with a common framework of Professional Standards and Competencies.

It will also introduce a Professional Skills Platform (PSP), a web-based tool through which members can register their knowledge, skills, and experience, and self-assess against a range of counter fraud roles.

According to the Home Office, by having common standards, organisations will be able to identify what skills they do, and do not, have and get those skills to the right areas. They will also be provided with the ability to improve access to counter fraud capability and help deliver better quality products, whether fraud investigations, risk assessments or data analytics. Working with a common framework of standards, organisations will also be able to share learning programmes and develop new initiatives together.

The Profession will move beyond a focus on investigation and will look more at preventing and understanding fraud. This is because the GCFP recognises that to build a world-class counter fraud capability in the public sector, the UK needs a professional structure that recognises the complexity of counter fraud activity.

“I am pleased to be announcing that the government will launch the new Counter Fraud Profession on the 9th October,” said Minister for the Constitution Chloe Smith.

“The launch of the GCFP will make the UK a global leader in the professionalisation of counter fraud and will give our specialist staff an excellent and well-deserved opportunity for career progression within the discipline.

“This government remains committed to tackling fraud in any capacity, including against the public purse, and this new Profession is one way we are enhancing our ability to do so.

“In recognition of our global lead in this field, our international partners have already asked us to lead an international working group in this area. The GCFP will continue to be flexible, evolving in line with the needs of its members, and the changing threat posed by fraud and economic crime.”