The fraud triangle framework is often used to demonstrate the reasons why an individual may decide to commit dishonest conduct. The three elements, when joined together, could indicate an increased motivation to commit dishonest conduct which, if not identified early, may lead to damaging repercussions. Identify the signs early and learn more on our insider fraud specialist courses. Find out more: https://lnkd.in/ejmVUBX7
About us
Cifas is a not-for profit membership association representing the private and public sectors. Cifas is dedicated to the prevention of fraud, including internal fraud, and the identification of financial crime. Cifas has over 500 Members spread across banking, credit cards, asset finance, retail credit, mail order, insurance, savings, telecommunications, factoring, share dealing and the public sector. Although at present Cifas Members are predominantly private sector organisations, public sector bodies may also share fraud data reciprocally through Cifas to prevent fraud. Members share information about identified frauds in the fight to prevent further fraud. Cifas is unique and was the world’s first not-for-profit fraud prevention data sharing scheme. Since Cifas was founded in 1988, Cifas Members have prevented fraud losses to their organisations worth billions of pounds by sharing fraud data. By joining the Cifas LinkedIn Group, you will be able to keep in contact with the UK’s fraud data sharing network and receive the notifications of the latest news, research, reports, training courses and events.
- Website
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http://www.cifas.org.uk
External link for Cifas
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- London, London
- Type
- Nonprofit
- Founded
- 1988
- Specialties
- Fraud Prevention, Identity Fraud, Data Sharing, and Intelligence
Locations
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Primary
Get directions
6th Floor, Lynton House, 7-12 Tavistock Square
London, London WC1H 9LT, GB
Employees at Cifas
Updates
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In case you missed it - read our press release covering our challenge to government to do more to tackle the fraud epidemic. https://lnkd.in/ev-WMuKC
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Thanks as always for your support and kind words Howard Rawstron!
All Party Parliamentary Group (APPG) with Cifas front and centre. A great way to spend the early evening having the pleasure of attending the APPG Anti-Corruption and Responsible Tax which covered fraud and also focused on the launch of the Cifas Fraud Pledges 2024. It's was great see familiar and new faces, some I've not seen in person for a while, all there to show a united position in relation to the fraud issue. A great panel that included (in order of the picture) Mike Haley, Simon Fell, Dame Margaret Hodge and Emily Thornberry. The panel cover a great deal of ground from the epidemic we are currently in re fraud, the law enforcement response (or lack there of), the UK Fraud Strategy, international dynamics of fraud, investment required, the relaunch of action fraud..... I could go on. The passion from all those on the panel was palatable and shows that fraud is a topic that crosses party boundaries. A bit like the banks where we see fraud as largely a non competitive topic. The discussion also touched on scam farms overseas, masking phone number and victim support. But the front and centre was those Cifas pledges. Look on X and LinkedIn and you will know what I mean. As ever these events need a great deal of organisation to ensure they pass smoothly. Big call out to Helena Wood and Corinne Gladstone as well as I'm sure many others. So as a reminder here are the pledges. 1) Provide cross government leadership in the response to Fraud 2) Improve the policing response to Fraud 3) Enhance support to victims of Fraud 4) Make the criminal justice response fit for tackling 21st century Fraud 5) Require social media and online platforms to join the multi-sector response to Fraud Questions touched on Whistleblowing, Victim Support, Data Sharing and many more topics. One of the main takeaways for me was 'are we really challenging ourselves enough in what we are proposing to do'? Maybe it's one step at a time but steps have different strides. We need to adopt the long leg stride and make significant steps each move along the way. #economiccrime #financialcrime #fraud #scams #corruption #whistleblowing #cifas #appg #uk
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Yesterday our CEO, Mike Haley and our Director of Public Policy Helena Wood delivered our #FraudPledges24 to No 10 to inform government of our views on the next generation of necessary fraud reforms. We then launched the #FraudPledges24 at a parliamentary event in conjunction with the APPG on Anti-Corruption and Responsible Tax with speakers Simon Fell Emily Thornberry, our CEO Mike Haley, and chaired by Dame Margaret Hodge. But this is just the start of our campaign to push for further fraud reforms to tackle the UK’s fraud epidemic. Stay tuned for further content and campaigning on this issue as we approach #GE24. Read the full pledges here https://lnkd.in/eEt6GiNW
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Today we are proud to launch the Cifas #FraudPledges24 setting out the next generation of fraud reforms to drive down the UK’s fraud epidemic. To support our pledges – head over to: https://lnkd.in/eEt6GiNW Pledge 1: Provide Cross-Government Leadership in the Response to Fraud by creating a Minister for Economic Crime. Pledge 2: Improve the policing response to fraud by creating a ring-fenced policing budget. Pledge 3: Enhance support to victims of fraud by delivering sustainable funding and by expanding the Fraud Strategy to business victims, particularly SMEs. Pledge 4: Make the criminal justice response fit for tackling 21st Century fraud by reviewing the law and sentencing guidelines and expanding the Economic Crime Court. Pledge 5: Require social media companies and online platforms to join the response on fraud by strengthening Online Safety Act guidelines and implementing a new Tech Levy to fund the response. We deliver the #FraudPledges24 to No 10 today and launch it at a Parliamentary event this evening. Tune back in tomorrow to see how this landed in Westminster.
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We're celebrating Learning At Work Week! Campaign for Learning theme for this year is ‘Learning power’. Explore how continuous learning gives us the power to fight fraud. To celebrate, try a 7-day free trial of our universal fraud training solution, Apollo, to give your staff the skills they need to detect and prevent fraud. Sign up here: https://lnkd.in/e7QXgS8H
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For this year’s Learning at Work Week (13-19 May), our Director of Learning, Rachael Tiffen PGCert., discusses the many benefits that fraud prevention training can bring to organisations who want to protect their workforces. Through effective training, these employers are not only embracing strong governance, but they’re providing upskilling opportunities to further develop their workforce and are more likely to build an anti-fraud culture, long-term, unlike any other. Read more of Rachael’s expert insights and discover which Academy and Digital Learning options suit your business’s fight against fraud and financial crime. https://lnkd.in/ejwPp3yw #LearningAtWorkWeek #LearningAndDevelopment #Training #FraudPrevention #FraudPreventionTraining #FraudAwareness #DigitalLearning
Why fraud prevention training should be on your L&D agenda in 2024 | Cifas
cifas.org.uk
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Do you think it’s ‘reasonable’ if a consumer who was halfway through their car hire purchase agreement and still owed money, sold the vehicle privately and continued to make repayments to the finance company? Nearly a quarter (24%) of those we surveyed did. However, the above is an example of first party fraud. Stephen Dalton, MA, CertCII, Director of Intelligence at Cifas, has penned an article for the Finance & Leasing Association on why people might still feel this type of crime is ‘victimless’. Find out more (from page 3): https://lnkd.in/eZe-kKQg #FirstPartyFraud #AssetConversion #AssetFinance #Fraud #FraudAwareness #FraudBehaviours23 #FraudPrevention
Agenda - FLA Magazine
fla.org.uk
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“The fact that the private sector has felt it necessary to step in to back-fill the fraud policing budget speaks to decades of under-investment by government in tackling fraud against businesses and a piecemeal approach to funding generally. “We call on the government to fill this void by creating a proper ring-fenced national fraud policing budget in the next spending review.” Our CEO, Mike Haley, recently contributed to City AM's article on policing resources to fight fraud. Read more in the link below. https://lnkd.in/eEjme7vy #Fraud #FraudPrevention
From Lloyds Bank to UK Finance, here's who's paying for the City of London Police
https://www.cityam.com
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Internal fraud is a threat to every organisation, regardless of sector. A rogue employee can cause significant damage, with financial, reputational, and legal consequences to consider – including the impact on staff morale and retention. Our Internal Fraud Strategy Essentials course provides you with the essential information and skills you need to build the foundations of a strong defence against the threat and those who perpetrate it. Find out more and book your place: https://lnkd.in/evXpZcvw
Internal Fraud Strategy Essentials
academy.cifas.org.uk