Latest news with #RichardDaniels
The Sun
04-07-2025
- The Sun
Holidaymakers warned about boarding pass mistake that could see YOU lose thousands of pounds
HOLIDAYMAKERS have been issued a warning over a common boarding pass mistake that could prove costly. Jetsetters should avoid posting photos of themselves with the crucial documents on social media or risk being targeted by cyber criminals. Richard Daniels, director of fraud at TSB, said: "Fraudsters can sometimes gather personal information from boarding passes posted online that can be used to unleash a wave of nasty impersonation fraud. "Name, passport number, date of birth, email and phone numbers can all be used against you – and in some cases there have even been examples of tickets being used by scammers." A typical follow-up scam once cyber criminals have gleaned personal information from a boarding pass is to carry out a phishing attack. This is where fraudsters try to trick you into revealing other personal information about yourself. This might come in the form of a text message, email or call pretending to be from a trusted body asking you to hand over sensitive information like bank details. Richard added: "Criminals can also aim to use personal and sensitive information to take over a bank account; or to apply for new accounts, or services and utilities in their target's name." Posting a boarding pass with a QR code on can be particularly dangerous too. Criminals can use this to create duplicate fake passes, make changes to bookings and even cancel flights. How holidaymakers can avoid being scammed The first and easiest way to avoid being targeted by scammers is by not sharing photos of your boarding pass online, Richard said. Social media platforms are rife with fake accounts run by criminals looking to prey on users' mistakes and take your personal data. [bc_video account_id="5067014667001" application_id="" aspect_ratio="16:9" autoplay="" caption="Insider tips to avoid tourist traps and scams on your next holiday " embed="in-page" experience_id="" height="100%" language_detection="" max_height="360px" max_width="640px" min_width="0px" mute="" padding_top="56%" picture_in_picture="" player_id="default" playlist_id="" playsinline="" sizing="responsive" video_id="6350521755112" video_ids="" width="640px"] The second is by adding a boarding pass to the digital wallet on your mobile phone, which requires biometrics to access. That means even if you lose your phone the passes will be protected. If you are set on using a physical pass, make sure it is kept safely and securely in your bag or pockets. Once you've used it, either shred it or make sure it's not put in a public bin where someone can take it. The third is by being wary of scammers pretending to be from your airline or holiday booking company. Emails, texts or phone calls asking you to hand over personal information like bank details, especially urgently, can be a major red flag. The fourth and final way is by doing your best to avoid "Juice Jacking" at airports. This happens at phone-charging stations where criminals install a cable that either steals your data or infects the device with malware. To avoid this, use your own cable via a power outlet or buy a power bank and keep clear of the charging stations entirely. You can pick up power banks from the major retailers, with Tesco selling one for £15.99 and Argos selling another for £19.99. Households lose billions to scammers Scammers are increasingly targeting hapless consumers and households and stealing personal information as well as money. A recent report from CIFAs revealed fraudsters stole £11.4billion from people in the UK in 2024, up from around £7billion in 2023. The warning came as a survey it carried out showed one in seven consumers said they lost cash to criminals in 2024, up from one in 10 the year before. The average loss per victim was £1,400 and only 18% recovered all their money. Prof. Jorij Abraham, managing director of the Global Anti-Scam Alliance, said: "Losing £11.4 billion to scams in 12 months is absolutely staggering. "It demands stronger action and an unwavering commitment to bringing criminals to justice. "The UK's counter-fraud community needs more support if they are to intensify the fight against scammers, restore confidence, and protect people from this growing threat." Separate research by the government and published last month found 43% of UK businesses and three in 10 charities reported experiencing some form of cyber security breach or attack in the previous 12 months. This equates to roughly 612,000 UK businesses and 61,000 UK charities. Top tips for avoiding scammers BY keeping these tips in mind, you can avoid getting caught up in a scam: Firstly, remember that if something seems too good to be true, it normally is. Check brands are "verified" on Facebook and Twitter pages - this means the company will have a blue tick on its profile. Look for grammatical and spelling errors; fraudsters are notoriously bad at writing proper English. If you receive a message from a 'friend' informing you of a freebie, consider whether it's written in your friend's normal style. If you're invited to click on a URL, hover over the link to see the address it will take you to – does it look genuine? To be on the really safe side, don't click on unsolicited links in messages, even if they appear to come from a trusted contact. Be careful when opening email attachments too. Fraudsters are increasingly attaching files, usually PDFs or spreadsheets, which contain dangerous malware. If you receive a suspicious message then report it to the company, block the sender and delete it. .
Yahoo
04-06-2025
- Business
- Yahoo
FinTech Scotland, TSB launch innovation programme to address banking fraud
FinTech Scotland has launched its latest Innovation Labs programme, in partnership with TSB Labs. The partnership was announced at Money20/20, Europe's fintech event. This initiative aims to address significant challenges within the banking sector, focusing on fraud prevention and 'seamless' customer experience. TSB Labs will collaborate with FinTech Scotland to identify and support 'innovative' solutions to combat fraud, which remains a prevalent issue in the UK. The new programme builds on the achievements of previous cohorts, which led to multiple pilot projects. The 2025 programme is open to fintech companies worldwide that are prepared to implement practical solutions in a live retail banking context. FinTech Scotland CEO Nicola Anderson said: 'We are delighted to be partnering once more with TSB and announce this innovation programme at Money20/20. 'TSB Labs is a powerful example of how established financial institutions can partner with fintechs to deliver real impact for customers.' The lab has outlined three specific challenge statements that seek innovative responses - improving fraud detection through 'effective' customer communication, empowering customers with greater control over their payments, and streamlining the fraud reporting process. The programme consists of two phases of structured engagement, concluding with a pitch to TSB decision-makers, providing participants with the chance to advance to pilot implementation. TSB fraud and financial crime operations director Richard Daniels said: 'Fraud is constantly evolving, and so must we. 'The TSB Labs programme is a brilliant opportunity for us to work shoulder-to-shoulder with innovative fintechs to find smarter, faster and more effective ways to continue protecting our customers.' In November 2024, KPMG UK joined FinTech Scotland to promote innovation, accelerate growth, and enhance technology adoption in the Scottish financial technology sector. "FinTech Scotland, TSB launch innovation programme to address banking fraud" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
03-06-2025
- Business
- Finextra
FinTech Scotland and TSB launch innovation challenge to combat fraud
FinTech Scotland unveiled today the latest innovation programme in collaboration with TSB Labs at Money20/20, Europe's largest fintech conference. 0 TSB Labs, the award-winning fintech accelerator, is once again partnering with FinTech Scotland to identify, support and scale innovative solutions tackling some of the most urgent challenges in banking. This year, the focus is on preventing one of the nation's most prevalent crimes - fraud, while delivering a seamless customer journey. The programme builds on the success of previous cohorts, which resulted in several pilot projects as well as being recognised at the Scottish Financial Technology Awards for Best Financial Services Innovation. The 2025 innovation programme is now open to fintechs from across the globe who are ready to deploy real-world solutions in a live retail banking environment. Nicola Anderson, Chief Executive of FinTech Scotland, commented: 'We are delighted to be partnering once more with TSB and announce this innovation programme at Money20/20. TSB Labs is a powerful example of how established financial institutions can partner with fintechs to deliver real impact for customers. Thanks to our work on the topic of fraud as part of the Financial Regulation Innovation Lab, we'll be bringing a significant amount of knowledge, expertise and connections to this programme from across the Scottish Fintech Cluster.' The Lab's three challenge statements invite creative, practical solutions in: • Smart Messaging and Education: improving fraud detection through timely, trusted, and effective customer communication. • Empowered Customer Controls: making faster decisions about authorised payments by giving customers more control and clarity. • Seamless Resolution: transforming fraud reporting and resolution into a streamlined, customer-centric journey. Richard Daniels, Fraud and Financial Crime Operations Director at TSB, said: 'Fraud is constantly evolving, and so must we. The TSB Labs programme is a brilliant opportunity for us to work shoulder-to-shoulder with innovative fintechs to find smarter, faster and more effective ways to continue protecting our customers." The programme offers two phases of structured engagement, culminating in a final pitch to TSB decision-makers and the opportunity to progress to pilot deployment. Full details and the short application form can be found on FinTech Scotland's website . Applications close on 25 June 2025.
