Today’s Fraud News from around the world:
National IPR Center and Amazon’s ‘Operation Fulfilled Action’ Target Super Bowl LV Counterfeits: Amazons Counterfeit Crimes Unit and the U.S. governments National Intellectual Property Rights Coordination Center announced they are expanding the joint Operation Fulfilled Action partnership to …: “Fraud” – BingNews
Lou Dobbs: Fox cancels vocal Trump supporter’s show: US broadcaster Fox has cancelled the TV programme hosted by Lou Dobbs, a vocal Trump supporter who is accused of using his platform to spread baseless claims of fraud in the 2020 election. The news …: “Fraud” – BingNews
Genocidal general behind Myanmar’s bloodless coup plots future without Aung San Suu Kyi: General Min Aung Hlaing, who is accused of overseeing the operation against the Muslim Rohingya minority, is now at the centre of power …: “Fraud” – BingNews
Police storm property in relation to drug supply and insurance fraud on Canvey: Pictures have shown the moment police teams stormed a property in Brentwood. Officers from the Op Falcon and Operational Support Group (OSG) took to the address yesterday (February 5), in relation to …: “Fraud” – BingNews
Universal Credit: Plan to give £1,000 bonus to claimants faces setback: Plans to give a £1,000 bonus to Universal Credit claimants have been dismissed by a senior government minister. The Department of Work and Pensions boss Therese Coffey rejected calls to make one-off …: “Fraud” – BingNews
Warning over scam calls to Staffordshire homes: Detectives have issued a warning over bogus callers telephoning homes in Staffordshire and pretending to be police officers in an effort to steal money.: “Fraud” – BingNews
Police appeal after elderly couple fall victim of fraud: Police in Dundee are appealing for information after an elderly couple were targeted by fraudsters on Wednesday morning.: “Fraud” – BingNews
Northumbria Police make arrests after fraudsters target Hexham pensioners: EIGHT people have been arrested after “abhorrent fraudsters” targeted 17 pensioners in the Tyne Valley. Northumbria Police was contacted by a 72-year-old woman from Hexham earlier this week, informing …: “Fraud” – BingNews
EU border agency Frontex met with scores of unregistered lobbyists: report: T Union’s border and coast guard agency Frontex has met with scores of unregistered lobbyists that represent the weapons, surveillance and biometrics industries, acco …: “Fraud” – BingNews
Myanmar military shuts down internet as thousands protest against coup: Demonstrators in standoff with police amid demands for release of elected leader Aung San Suu Kyi …: “Fraud” – BingNews
Fraud Prevention Tip: Scrutinise the payment methods – As an online retailer you need to know the types of payment methods and their pros and cons in terms of your business. For example regular credit cards (AMEX) tend to favour the cardholder in disputes (chargebacks sound familiar)? But they are still the most widely used payment method and you do have to look at the convenience of your customer. Paypal on the other hand is a more merchant friendly option and has advanced scam protection features and advanced machine learning capability that actively works to mitigate scam risk. On the other hand Paypal also authorises chargebacks it’s not totally fool proof. Cryptocurrencies are another popular payment method; the blockchain tech makes it nearly impossible for forced refunds and since there are records of all transactions it is undeniable by the customer. On the negative side the value of cryptocurrencies is quite volatile so what’s it worth today it might hold the same value the next day or it could be worth more.