Anti-scam campaign groups urge UK police forces to get tougher on fraudsters

Campaigners say scammers are claiming millions from victims in ‘a penalty-free crime’

Anti-scam campaign groups are calling for police forces to be much tougher on fraudsters, who they claim are scamming millions from victims in “a penalty-free crime”.

The pleas are being made just days after the UK government announced it is working on an “expanded” fraud strategy as part of a “robust response” to surging reported fraud rates, which rose by 19% last year according to the Office for National Statistics.

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AI phone scam targets Italian business leaders including Giorgio Armani

Cloned voice of defence minister, Guido Crosetto, used in some calls asking for money to free kidnapped journalists

Some of Italy’s best-known business leaders, including the fashion designer Giorgio Armani and the Prada chair, Patrizio Bertelli, have been targeted by an artificial intelligence-based scam that involved the mimicking of the defence minister’s voice in telephone calls claiming to seek help to free Italian journalists kidnapped in the Middle East.

Prosecutors in Milan have received four legal complaints, including from Massimo Moratti, the former owner of Inter Milan, and a member of the Beretta family, the world’s oldest producer of firearms. The defence minister, Guido Crosetto, on Monday said he would submit a legal complaint after his voice was cloned and used in at least one of the calls.

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Rare metal assets, 4,000 workers, a Canary Wharf HQ… but does this billion-pound firm really exist?

A bizarre mining business’s fake audit reveals the potential for fraudsters at Companies House

At first glance, there is nothing remarkable about Gofer Mining plc. It appears to be just another multibillion-pound corporate giant, with London headquarters in Canary Wharf and interests stretching from Tibet to Ukraine.

Its lengthy financial accounts are full of prosaic details about ­mineral weights, rare metal assets and ­exploration plans.

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Brad Pitt reacts to ‘awful’ scammers who fooled French woman using his pictures

Anne, 53, was scammed out of hundreds of thousands after believing she was in a long-term relationship with the actor

A spokesperson for Brad Pitt has addressed the viral story about a French woman who believed she was in a long-term relationship with the actor and was scammed out of €830,000 ($855,000, £700,000) by someone posing as him.

“It’s awful that scammers take advantage of the strong bond between fans and celebrities,” the spokesperson said in a statement obtained by E! News. “But this is an important reminder not to respond to unsolicited online outreach, especially from actors who have no social media presence.”

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Celebrity scam ads still targeting Australians despite tech giants’ crackdowns

Scammers developing sophisticated new methods will always find loopholes to access lucrative markets, experts say

Scammers are finding loopholes in restrictions brought in by Google and Meta to combat fake celebrity scam ads and experts warn they will be hard to stop while Australia remains a lucrative target for cybercriminals.

On Monday, Meta announced it would require businesses targeting financial advertising at Australians to verify themselves, including through the Australian Securities Investment Commission (Asic), to check they hold an Australian financial services licence.

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UK bank fraud victims could face £100 excess on refund claims

Despite new rules, many lenders have decided to implement the optional exemption

Some victims of bank transfer scams will not get a penny back despite beefed-up rules designed to better protect consumers from fraudsters, because several big banks have introduced an excess on refund claims.

New rules requiring banks and other payment companies to reimburse fraud victims who have been tricked into sending money to scammers took effect last month, and included an optional £100 excess that firms can apply to a claim.

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‘Quishing’, ‘vishing’ and AI scams – the new cybercriminal techniques duping Australians

Australian Signals Directorate sounds alarm on ‘shifting tactics’ by state-sponsored hackers and cybercriminals, and targeting of critical infrastructure

Cybercriminals are using fake QR codes or sophisticated artificial intelligence scams to trick Australians into giving up their private details or downloading dangerous files, the nation’s signals intelligence agency has warned, as fraudsters take advantage of the technology’s popularity.

The Australian Signals Directorate also sounded the alarm on the “shifting tactics” of state-sponsored hackers and cybercriminals, who they said are burrowing into computer systems of businesses and other organisations and then sitting quietly to avoid detection until they choose to strike.

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Markets and farm shops among targets of organised crime gangs, say experts

Smoked salmon, artisan cheese and fine wine among food and drink lost by European outlets

Small food producers are increasingly being targeted by organised crime gangs and rogue industry insiders looking to exploit national and global supply chain challenges , according to food crime experts.

The warning comes after several food businesses in the UK and continental Europe revealed how they had lost hundreds of thousands of pounds in scams where thieves apparently posed as legitimate buyers.

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Jamie Oliver asks cheese lovers to help catch thieves behind £300,000 cheddar scam

London’s Neal’s Yard Dairy swindled out of 950 wheels of award-winning cheddars delivered to alleged fraudster

The celebrity chef Jamie Oliver has encouraged cheese lovers to help police catch scammers who defrauded a London dairy out of more than £300,000 worth of English and Welsh cheddar.

Neal’s Yard Dairy, a distributor and retailer of British artisan cheese, delivered 22 tonnes of award-winning clothbound cheddar to the alleged fraudster posing as a wholesale distributor for a large French retailer before realising it had been duped.

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Asic taking down average of 20 scam websites a day

Crypto scams accounted for 615 takedowns, the regulator says, as total number exceeds 7,300 in 12 months

More than 7,300 websites have been taken down in the first year of operation of the Australian Securities and Investment Commission’s service targeting investment scams, the regulator has revealed.

Since the beginning of the program in July 2023, Asic said it had shut down thousands of scam websites that offer fake investment trading platforms and cryptocurrency investments that are often spread online through social media containing false celebrity endorsements.

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Labor’s planned anti-scam laws are too complicated, too lenient and too slow, advocates say

Federal government’s promise to force banks to reimburse scam victims criticised as ‘too vague’ and ‘a mess’

The government’s proposed reforms to laws on financial scams let the banking system off the hook, are inferior to policies applied overseas, are complicated for victims and will not be legislated before Australians lose many more billions of dollars, according to consumer advocates.

The scathing criticism comes after an address by the assistant treasurer, Stephen Jones, who vowed on Wednesday to force banks, telcos and social media platforms to reimburse scam victims if their systems prove inadequate, as techniques used by fraudsters grow increasingly sophisticated.

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Australian mining magnate Andrew Forrest can sue Meta over Facebook scam ads, US court rules

The Australian mining magnate can try to prove that Meta was negligent in allowing scam ads on Facebook, judge says

A US judge has rejected Meta Platforms’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that use his likeness to promote fake cryptocurrency and other fraudulent investments.

In a decision on Monday, US district judge Casey Pitts in San Jose, California, said Forrest could try to prove that Meta’s negligence in allowing the ads breached its duty to operate in a commercially reasonable manner.

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Australia news live: ‘full suite’ of policy measures needed to change culture of male violence, PM says; ACTU calls for 9% gender-based pay rise

Albanese has called an urgent national cabinet meeting as thousands rallied to end men’s violence against women. Follow the day’s news live

The prime minister, Anthony Albanese, has been making the rounds on breakfast television this morning, currently speaking on ABC News Breakfast.

He is asked why the government won’t declare violence against women as a national emergency?

When we declare a national emergency, things kick in [such as] one-off payments for people – for a bushfire, for a flood, for something like that. I don’t really want to get into a debate here that misses the point over whether it’s a national emergency or a national crisis. But an emergency declaration by state or territory governments kicks in immediate one-off actions by the federal government. What we need here is not one-off actions. What we need here is a concerted plan.

The organisers throughout the country deserve credit for organising these rallies. I was happy not to speak. I was happy to speak, it was about raising awareness of the issue, but a call to action by all governments, quite clearly, we need to do more.

It’s not enough to just have empathy. The fact that one a woman dies every four days, on average, at the hand of a partner, is just a national crisis. So I’ll be convening the national cabinet on Wednesday. We’ll talk about what more we can do. Clearly governments need to do more, but as a society as well, we need to acknowledge that we need to change behaviour. We need to change attitudes. We need to change culture, because it is completely unacceptable.

I’m focused on the issue, Karl. It was an emotional day for people and I get that, on what is an emotional issue. Because women were saying yesterday, enough is enough.

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Andrew Forrest accuses Facebook of ‘blatantly refusing’ to take action against scam ads

The Australian billionaire’s criminal case against Meta in WA was discontinued on Friday by the commonwealth prosecutor

The Australian billionaire and philanthropist Andrew Forrest has accused Facebook’s parent company of “blatantly refusing” to take action against scam ads on its platform, as a criminal case he brought against Meta in WA was discontinued.

On Friday, the commonwealth Director of Public Prosecutions filed a discontinuance motion in the criminal case brought by Forrest in the Western Australia district court over scam cryptocurrency ads bearing his likeness on Facebook.

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Millions more in cash needed to fund UK’s open-banking watchdog

Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers

Banks are under pressure to stump up millions of pounds in interim funding for the organisation that polices open banking, with regulators saying the new money is needed to prevent financial crime and protect consumers if things “go wrong”.

Large banks including NatWest, HSBC, Lloyds and Santander UK were among more than 40 City firms summoned by the Financial Conduct Authority (FCA) last week to discuss a cash injection into Open Banking Limited (OPL), the body that oversees innovation in this area.

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Amount of fraud in UK more than doubled to £2.3bn in 2023, report finds

Accounting firm BDO also warns of future impact of fraudsters using artificial intelligence to rip off customers

The amount of fraud committed in the UK more than doubled to £2.3bn in 2023, marking the second-biggest year for scams in the last two decades, according to a report that also warns of the future impact of fraudsters using artificial intelligence to rip off consumers.

The accounting firm BDO’s latest FraudTrack report found that the number of reported cases rose by 18% to a three-year high, and the number of high-value cases over £50m increased by 60% year-on-year in 2023. Half of the high-value frauds were over £200m.

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Police hunt alleged $8.7m Melbourne property swindler and warn of ‘pig butchering’ scams

Detectives believe man is targeting single women – while AFP shines spotlight on romance fraud

Law enforcement agencies are on the hunt for a man accused of stealing millions from property market investors as police warn Australians to be on guard against “pig butchering” scams before Valentine’s Day.

A Victorian man is alleged to have fleeced wannabe property market investors of $8.7m by claiming to be a developer who offers to help people demolish their homes and build townhouses in their place.

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Dick Smith criticises Facebook after scammers circulate deepfake video ad

Businessman warns people to ‘never ever’ purchase from advertisers on Facebook and Instagram after ‘totally fraudulent’ video appears

Australian businessman Dick Smith has urged people to stop buying anything from Facebook or Instagram after a deepfake video of him spruiking an investment opportunity was circulated by scammers online.

Smith posted a message on his personal website on Monday afternoon about the video, which was designed to appear like a segment on A Current Affair, featuring host Ally Langdon apparently interviewing him, Gina Rinehart and Andrew Forrest.

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Australian banks buckle to pressure over scams and vow to block transfers to suspect accounts

Consumer groups have long lobbied for institutions to crack down on scams by rejecting transfers if name and bank details of recipient don’t match

Australian banks have buckled under pressure and will do more to fight scams by introducing technology that will block customers from transferring money to some fraudulent accounts.

The banks had initially resisted calls – including from the Australian Competition and Consumer Commission (ACCC) and the Consumer Action Law Centre (Calc) – to block transfers if the name and bank details of the recipient did not match.

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Taylor Swift: warning over fake tickets as NAB urges punters to be wary of social media scams

Concern around fake Taylor Swift ticket scams comes as bank reveals $220,000 worth of transactions abandoned daily

National Australia Bank has warned punters to be on the lookout for scams on social media sites claiming to have tickets to high-profile sold-out concerts such as Taylor Swift in the coming months.

The bank said on Thursday that after alert prompts were introduced into its banking app and online banking site in March warning customers they might be scammed, about $220,000 worth of transactions were abandoned a day. These alerts have since been expanded to cover ticket and marketplace scams.

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