Jason Lee at Moody’s explains business activity intelligence (BizINT), which is powering investigations into national security threats. While intelligence agencies face an uphill battle to uncover threats to national security, the digital footprints that bad actors leave behind in their day-to-day activities can propel investigations.
This article looks at how fraud has evolved, why continuous professional development (CPD) is crucial for fraud investigators, and some practical ways to stay sharp in the fight against fraud.
According to a recent survey conducted by LexisNexis Risk Solutions on digital trust, banking is the most trusted sector, with 86% of UK consumers deeming banks trustworthy. However, only 28% deem government institutions trustworthy, so, how can the government support the national fight against fraud?
Keith Williamson and Narisa Gore from Alvarez & Marsal, discuss the increasing challenges of public sector fraud and the potential of artificial intelligence tools to mitigate them.
Earlier this year, it was revealed that 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.
Alex Case, Senior Director, Government Industry Principal at Pegasystems, ex-senior civil servant at 10 Downing Street and the UK’s Cabinet Office, walks us through protecting against public sector fraud with technology.
The UK National Audit Office is renewing its focus on helping the government deliver value for money by preventing fraud and error – potentially saving billions for the UK taxpayer.
Ted Datta, Senior Director at Moody’s Head of Financial Crime Compliance Industry Practice, Europe, Africa, and Americas, discusses the rise of fraud in the UK and what companies and the government can do to turn the tide.
Ralph Cockburn, Senior Counter Fraud Investigator Apprenticeship Tutor at Intelligencia Training discusses combatting fraud in the public sector through prevention skills.
Five individuals have pleaded guilty to orchestrating a benefit fraud scheme amounting to £53.9 million, marking the largest case of its kind in England and Wales.
Fraud continues to be a significant and growing issue across all sectors in the UK, with stats showing that hundreds of millions are being lost every year; unfortunately, the public sector is far from an outlier to this trend. What can technology do?.
