Better Together: the power of collaboration in fighting Payment Fraud

  • 25 May 2017
  • 17:30 - 21:00
  • Grant Thornton, 30 Finsbury Square, London, EC2P 2YU

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We are delighted to announce that Grant Thornton will be hosting our next event on Thursday 25 May 2017 at 30 Finsbury Square, London, EC2P 2YU.

Fraud on cards, cheques, telephone and online banking  reached a hefty £768.8m in 2016.   The banking industry constantly works to introduce ever more sophisticated tools to detect and prevent fraud, and prevents £6.40 in every £10 of fraud.  Nevertheless, with fraudsters increasingly targeting the individual rather than the system, and with the large number of stakeholders working within the payments landscape, it's clear that only by collaborating will we be able to tackle these crimes.  Last February the then Home Secretary, launched the Joint Fraud Taskforce, bringing together banks, Government and law enforcement to work together on some of the biggest problems facing the fraud community. 

Programme:

17:30hrs to 18:30hrs: Registration & Reception Drinks

18:30hrs to 19:30hrs: Speakers and Q&A  

19:30hrs to 21:00hrs: Networking Reception


Our Speakers:

Christine Farrow, Fraud Manager Fraud Prevention Manager - Account Abuse Lead Financial Fraud Action UK

The Banking Protocol is an excellent example of collaboration in action, bringing together staff in bank branches and Post Offices, Trading Standards and Police to identify and help customers under duress and being duped by fraudsters to withdraw or move their money. Christine will talk about the pilot in London working with the Metropolitan Police which saved over £1.1m in the first 3 months for potential victims, and how as a result this initiative is now being rolled out across the UK.

Christine has been with FFA UK since 2012, having previously worked for the Metropolitan Police. She is responsible for fraud prevention in respect of threats associated with the abuse of the current account facility, including  Money Mules and the Banking Protocol.

Ian Stock, Fraud Investigations Manager, Operations,  Dedicated Card & Payment Crime Unit

Having previously worked in the banking industry, Ian has been based for the last 10 years in the Dedicated Card and Payment Crime Unit (DCPCU) which is an Industry funded pro-active Policing unit targeting organised criminals involved in payment crime.

Ian will be explaining how this unique unit is tackling 'card not present' fraud (card fraud purchases committed online and by telephone) by working closely not only with all UK banks, but importantly working collaboratively with UK retailers like John Lewis, and with European partners,  in intelligence sharing and enforcement action.

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