But head of its economic crime unit, Andy Blezzard, said out of 575 registered banks in the UK only 170 - less than 30 per cent - made any suspicious transaction reports last year. You can bounce records around very quickly, and organised crime...
Data and identity theft are clearly the major areas where a problem can arise, as highlighted by the sting operation in The Sun. Economic crime is perceived to be more in the realm of gangland villains or crooked CEOs such as Bernard Ebbers...
Speaking at the Financial Services IT Summit in London he said: "We don't have a monopoly on the security expertise - the thing about organised crime is that they have the money and the leverage. Banks have been warned to prepare for a new wave of...
As McCarthy pointed out in his speech: "The work on staff fraud has highlighted concerns about whether data protection rules make data sharing unnecessarily difficult, and we will be involved in seeking a resolution to the problem.
The NHS CFS claims to have saved the health service more than £800m in fraud detection since 1999 and government figures released last August show overall patient fraud - such as prescription fraud - losses have been cut by 56 per cent to £76m.
Yet corporate losses from computer crime have reportedly doubled and the incidence of identity theft among the broader population continues to rise dramatically. Criminals are increasingly targeting individuals in cases of financial fraud rather...