Atos Victims Group http://atosvictimsgroup.co.uk/ Sun, 10 Oct 2021 10:24:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://atosvictimsgroup.co.uk/wp-content/uploads/2021/05/default1.png Atos Victims Group http://atosvictimsgroup.co.uk/ 32 32 Nine accused of scam selling vintage cars https://atosvictimsgroup.co.uk/nine-accused-of-scam-selling-vintage-cars/ https://atosvictimsgroup.co.uk/nine-accused-of-scam-selling-vintage-cars/#respond Sun, 10 Oct 2021 06:34:00 +0000 https://atosvictimsgroup.co.uk/nine-accused-of-scam-selling-vintage-cars/ A young couple from Downpatrick have been accused of being at the center of an alleged nearly £ 100,000 online scam involving classic cars. Between them, Jason Donoghue and Scarlett Joyce (25), 31, face 59 counts of conspiring to “defraud and deceive” a litany of alleged victims who thought they were making down payments or […]]]>

A young couple from Downpatrick have been accused of being at the center of an alleged nearly £ 100,000 online scam involving classic cars.

Between them, Jason Donoghue and Scarlett Joyce (25), 31, face 59 counts of conspiring to “defraud and deceive” a litany of alleged victims who thought they were making down payments or buying. classic cars like an E-Type Jaguar, Triumphs, Austins and Mini vans or cell phones.

Donoghue, of St Patrick’s Drive in Downpatrick, faces a total of 57 counts, including 36 counts of conspiracy to defraud or cheat, 11 counts of misrepresentation fraud, nine counts of acquiring criminal property and a conversion of criminal property.


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Kessler Topaz Meltzer & Check, LLP https://atosvictimsgroup.co.uk/kessler-topaz-meltzer-check-llp/ https://atosvictimsgroup.co.uk/kessler-topaz-meltzer-check-llp/#respond Sat, 09 Oct 2021 18:45:00 +0000 https://atosvictimsgroup.co.uk/kessler-topaz-meltzer-check-llp/ RADNOR, Pa., Oct. 9, 2021 (GLOBE NEWSWIRE) – Law firm Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in United States District Court for the Western District of New York v Hyzon Motors Inc. (“Hyzon”) (NASDAQ: HYZN) f / k / a Decarbonization Plus Acquisition Corporation […]]]>

RADNOR, Pa., Oct. 9, 2021 (GLOBE NEWSWIRE) – Law firm Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in United States District Court for the Western District of New York v Hyzon Motors Inc. (“Hyzon”) (NASDAQ: HYZN) f / k / a Decarbonization Plus Acquisition Corporation (“Decarbonization”) (NASDAQ: DCRB) (“Hyzon”) on behalf of those who have purchased or acquired Hyzon securities between February 9, 2021 and September 27, 2021, inclusive (the “Class Period”).

Deadline reminder: investors who bought or acquired Hyzon shares during the Class Action Period may, no later than November 29, 2021, seek to be appointed as principal applicant representative of the group. For more information or to find out how to participate in this dispute, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; by e-mail to info@ktmc.com; Where Click here.

Hyzon is a hydrogen-powered mobility company that manufactures hydrogen-powered commercial vehicles and fuel cell systems. It focuses on the development of medium and heavy trucks, as well as city buses and coaches. On July 16, 2021, the merger between Decarbonization and Hyzon Motors USA Inc. f / k / a Hyzon Motors Inc. was completed. On that date, Decarbonization changed its name to Hyzon Motors Inc.

The Class Period begins on February 9, 2021, when Hyzon issued a press release entitled “Hyzon Motors, Leading Hydrogen Fuel Cell Heavy Vehicle Company Announces Business Combination with Decarbonization Plus Acquisition Corporation; The combined company is expected to be listed on Nasdaq, ”which touted Hyzon’s offerings and delivery schedule. Throughout the litigation period, Hyzon continued to tout its customer contracts, agreements and partnerships, including a September 9, 2021 press release titled “Hyzon Motors to Supply Up to 500 Fuel Cell Electric Vehicles hydrogen to the Shanghai logistics company ”.

The truth emerged on September 28, 2021, when market analyst Blue Orca Capital released a report on Hyzon that revealed Hyzon’s biggest customer Shanghai HongYun was a “fake Chinese Shell entity formed 3 days ago. before the announcement of the agreement ”. The report also revealed that Hyzon’s next biggest customer, Hiringa Energy (“Hiringa”), a tiny New Zealand start-up, is not really a customer. Rather, Hiringa is a “distribution partner” for Hyzon vehicles. Finally, the report indicated that “Hiringa will represent 24% of the [Hyzon]deliveries scheduled for 2021. Yet Hiringa has categorically stated that no deliveries will be taken in 2021, ”which contradicts Hyzon’s statements during the Claim Period.

Following this news, Hyzon’s share price fell $ 2.58 per share, or 28%, to close at $ 6.63 per share on September 28, 2021.

The Complaint alleges that throughout the Class Period, the Defendants made false and / or misleading statements and / or failed to disclose that: (1) Hyzon distorted the nature of his “client” contracts and severely embellished his “Agreements” and “partnerships” “with customers; (2) Hyzon was unable to deliver its vehicles announced in 2021, within the announced deadlines; and (3) accordingly, the defendants’ public statements were materially false and / or misleading at all material times.

Hyzon investors can, no later than November 29, 2021, seek to be appointed as the principal representative of class claimants through Kessler Topaz Meltzer & Check, LLP or another lawyer, or may choose to do nothing and remain an absent member of the class. A principal plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be named the Principal Plaintiff, the Court must determine that the Class Member’s claim is typical of the claims of other Class Members, and that the Class Member will adequately represent the Class. Your ability to participate in any recovery is not affected by the decision whether or not to serve as the principal applicant.

Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country relating to securities fraud, breach of fiduciary duty, and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force in corporate governance reform and has raised billions of dollars on behalf of institutional and individual investors in the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and participate in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 route du Roi de Prussia
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
info@ktmc.com


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Chalfont St Giles woman exploited rich man and spent £ 2.5million of his money https://atosvictimsgroup.co.uk/chalfont-st-giles-woman-exploited-rich-man-and-spent-2-5million-of-his-money/ https://atosvictimsgroup.co.uk/chalfont-st-giles-woman-exploited-rich-man-and-spent-2-5million-of-his-money/#respond Sat, 09 Oct 2021 09:26:04 +0000 https://atosvictimsgroup.co.uk/chalfont-st-giles-woman-exploited-rich-man-and-spent-2-5million-of-his-money/ Woman who exploited a wealthy man and spent £ 2.5million of his money on vacations, designer items and an Aston Martin has been criticized for not showing a ‘piece of remorse’ as she is imprisoned for more than five years. Louise Caplan, 34, met her victim, de Marlow – who has high-level autism – online […]]]>

Woman who exploited a wealthy man and spent £ 2.5million of his money on vacations, designer items and an Aston Martin has been criticized for not showing a ‘piece of remorse’ as she is imprisoned for more than five years.

Louise Caplan, 34, met her victim, de Marlow – who has high-level autism – online in October 2017 and they arranged to meet with the man paying several hundred pounds for the sexual services of Caplan.

They then agreed to a monthly financial deal of several thousand pounds to see each other.

But between October 2017 and November 2018, she presented herself as a successful businesswoman who employed multiple employees – when in reality she had no job and was in receipt of benefits.

Caplan told her wealthy victim that she had invested money in projects around the world, in which her victim – who had now become attached to her – also agreed to invest.

Instead, she used the money – totaling £ 2.5million – on expensive vacations, designer stores, a deposit at an Aston Martin and a £ 1million house. .

Caplan, from White Hart Close to Chalfont St Giles, knew his victim had to take out loans to meet his financial demands, but continued to pressure him for money to fund his extravagant lifestyle anyway. .

Her deception was eventually discovered and she was arrested for fraud by misrepresentation. At a hearing on May 18, she pleaded guilty.

At a sentencing hearing at Aylesbury Crown Court on Friday, October 10, a judge jailed Caplan for five years and three months.

Detective Constable Ross Fleming of the Economic Crimes Unit thanked the victim and her family for their “brutal dignity, patience and honesty” throughout the investigation.

He said: “This honesty contrasts sharply with the offender, who never showed the slightest remorse for the victim, a man whom she showered with messages of love and plans for her future, continually manipulating her emotional need. from her and exploiting her high-level autism.

“The offender knew the victim was richer than many. However, she continued to pressure the victim for more money, fully aware that he was taking out loans to meet her financial demands. His extravagant spending highlights not a crime out of necessity or need, but simple greed.

“I encourage everyone to familiarize themselves with the smart tactics used by romance scammers, which will help build our knowledge as a community.

“To anyone affected by romance fraud, please understand that it is not your fault. If it has not already been reported, please report the incident to Action Fraud online or by calling 0300 123 2040 .

“Finally, I would like to remind everyone that as a community we have the power to remove blame, shame and give hope to anyone who has been the victim of this type of horrific crime.

“I would also like to remind anyone in this position that additional emotional help and support is available.

“Victims First is available to residents of Thames Valley Police in Buckinghamshire, Berkshire or Oxfordshire).”

Check out the Thames Valley Police Guide to Spotting Amorous Scammers here – www.thamesvalley.police.uk/police-forces/thames-valley-police/areas/c/2020/a-guide-to-spotting-romance- fraudsters /


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Ruthless fraudsters deceived victims over £ 2 billion during Covid-19 pandemic https://atosvictimsgroup.co.uk/ruthless-fraudsters-deceived-victims-over-2-billion-during-covid-19-pandemic/ https://atosvictimsgroup.co.uk/ruthless-fraudsters-deceived-victims-over-2-billion-during-covid-19-pandemic/#respond Sat, 09 Oct 2021 00:26:07 +0000 https://atosvictimsgroup.co.uk/ruthless-fraudsters-deceived-victims-over-2-billion-during-covid-19-pandemic/ Ruthless fraudsters deceived victims over more than £ 2bn during the Covid-19 pandemic by targeting isolation and confusion caused amid lockdown, shock figures reveal Authorities recorded 4.6 million fraud cases between January last year and June Fraudsters have stolen a record £ 754million in the first six months of this year alone The situation is […]]]>

Ruthless fraudsters deceived victims over more than £ 2bn during the Covid-19 pandemic by targeting isolation and confusion caused amid lockdown, shock figures reveal

  • Authorities recorded 4.6 million fraud cases between January last year and June
  • Fraudsters have stolen a record £ 754million in the first six months of this year alone
  • The situation is now so serious that the banks say it is a threat to national security










Fraudsters have deceived victims of more than £ 2 billion during the pandemic, shock figures reveal today.

Ruthless criminals have exploited the isolation and confusion caused by the lockdown to steal savings at an unprecedented rate.

They have pocketed a record £ 754million in the first six months of this year alone, up 30% from the same period last year.

As ministers face calls to bring the crisis under control, Money Mail today launches a survival guide to help readers protect their money.

Authorities recorded 4.6 million cases of fraud between January last year and June this year. The situation is now so serious that the banks say it is a threat to national security

Analysis of bank figures shows victims tricked into sending money directly to fraudsters lost £ 834million between January last year and last July. Only £ 357million has been repaid.

“Authorized push payment” scams include fake parcel delivery text messages sent to cell phones as online shopping exploded in door-to-door orders.

Criminals also took advantage of the vaccine rollout to trick individuals into giving up their personal information and took on loners with romantic drawbacks.

Another £ 1.2bn has been lost to unauthorized fraud, where criminals armed with personal bank details use savings accounts.

Authorities recorded 4.6 million cases of fraud between January last year and June this year. The situation is now so serious that the banks are saying it is a threat to national security.

“Fraud is cruel, it destroys lives and we have seen a huge increase during the pandemic,” said Mark Tierney of the Stop Scams UK campaign group. Money Mail’s Stop the Bank Scammers campaign called on ministers and banks to do more.

'Authorized push payment' scams include fake parcel delivery text messages sent to mobile phones as online shopping exploded under door-to-door orders

‘Authorized push payment’ scams include fake parcel delivery text messages sent to mobile phones as online shopping exploded under door-to-door orders

But since the campaign launched three years ago, fraudsters have been allowed to continue to steal ever-increasing amounts.

Writing in Today’s Mail, Rip Off Britain presenter Angela Rippon supports our guide to fraud and says it is imperative that the government act to stop the “pernicious tide” of scams.

She writes: “Isolation meant people of all ages felt more vulnerable than usual – and vulnerability is exactly what scammers look for in their next potential victim. Your defenses are already down.

Most banks signed up to a fraud refund code in 2019 and have pledged to ensure that no blameless victims of transfer scams are left behind.

Yet the most recent figures from the banking industry show that less than half of the money lost to transfer scams during the 18-month period has been returned.

Campaigners also pushed the government to hold internet giants accountable for hosting investment fraud websites that cost victims more than £ 240million during the pandemic.

Gareth Shaw, from consumer lobby group Which ?, said: “We have seen online platforms allowing fraudsters to operate with impunity.

“It is clear that the laws and regulations currently in place to protect consumers are simply not suited for their purpose.”

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Man at Dodgers game was not wanted by criminal John Ruffo, marshals say https://atosvictimsgroup.co.uk/man-at-dodgers-game-was-not-wanted-by-criminal-john-ruffo-marshals-say/ https://atosvictimsgroup.co.uk/man-at-dodgers-game-was-not-wanted-by-criminal-john-ruffo-marshals-say/#respond Fri, 08 Oct 2021 20:52:19 +0000 https://atosvictimsgroup.co.uk/man-at-dodgers-game-was-not-wanted-by-criminal-john-ruffo-marshals-say/ The US Marshals Service claims that a man who appeared in video footage of a Los Angeles Dodgers game in 2016 bears only a “strong resemblance” to John Ruffo and is not the criminal himself. more sought after. The marshal’s service previously said Ruffo, a fugitive who has been on the most wanted list for […]]]>


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Democrats urge federal agencies to fight against use of cryptocurrencies for ransomware payments https://atosvictimsgroup.co.uk/democrats-urge-federal-agencies-to-fight-against-use-of-cryptocurrencies-for-ransomware-payments/ https://atosvictimsgroup.co.uk/democrats-urge-federal-agencies-to-fight-against-use-of-cryptocurrencies-for-ransomware-payments/#respond Fri, 08 Oct 2021 19:25:00 +0000 https://atosvictimsgroup.co.uk/democrats-urge-federal-agencies-to-fight-against-use-of-cryptocurrencies-for-ransomware-payments/ A group of Democrats on Friday urged the Biden administration to do more to deal with the increasing use of cryptocurrency markets in ransomware attacks, which have become a growing national security threat over the past decade. past year. Sense. Ed markeyEd MarkeyHillicon Valley – Brought to you by American Edge Project – Americans Blame […]]]>

A group of Democrats on Friday urged the Biden administration to do more to deal with the increasing use of cryptocurrency markets in ransomware attacks, which have become a growing national security threat over the past decade. past year.

Sense. Ed markeyEd MarkeyHillicon Valley – Brought to you by American Edge Project – Americans Blame Politicians, Social Media For Spread Of Disinformation: Poll Democrats Urge Federal Agencies To Combat Use Of Cryptocurrency For Overnight Energy Ransomware Payments & Environment – Biden to restore national monuments canceled by Trump MORE (D-Mass.), Sheldon White HouseSheldon Whitehouse Hillicon Valley – Brought to you by American Edge Project – Americans Blame Politicians, Social Media For Spread Of Disinformation: Poll Democrats Urge Federal Agencies To Combat Use Of Cryptocurrency For Ransomware Payments Tax new plastic is the cheapest way to reduce its environmental impact MORE (DR.I.), and Reps. Jim langevinJames (Jim) R. Langevin Hillicon Valley – Brought to you by American Edge Project – Americans Blame Politicians and Social Media for Spreading Disinformation: Poll Democrats Urge Federal Agencies to Combat Use of Cryptocurrencies for ransomware payments Biden signs bill to strengthen cybersecurity for K-12 PLUS schools (DR.I.) and Ted LocationTed W. Lieu Hillicon Valley – Brought to you by American Edge Project – Americans Blame Politicians and Social Media for Spread of Disinformation: Poll Democrats Urge Federal Agencies to Combat Use of Cryptocurrencies for Ransomware Payments The first senator officially endorses Bass in the candidacy of the mayor of LA PLUS (D-California) sent a letter Friday to the heads of the departments of Homeland Security, Justice, State and Treasury asking them to continue “stronger coordination” between agencies on the issue of cryptocurrency.

They pointed to a massive increase in ransomware attacks, with the FBI’s Internet Crime Complaints Center receiving reports of nearly 2,500 ransomware attacks with losses of over $ 29 million in 2020.

“The proliferation of cryptocurrency has facilitated this explosive growth in ransomware attacks, in large part by providing easy, quick and hard-to-trace methods to launder illicit gains,” the lawmakers wrote. “We believe that increased enforcement of existing laws on money laundering and financial crimes would play an important role in deterring ransomware attacks and facilitating the recovery of cryptocurrency paid to ransomware attackers.”

They asked the agencies to answer a series of questions by the end of the month on how cryptocurrency exchanges are involved in ransomware attacks, and highlighted the threat of focusing on this issue.

“The rapid increase in ransomware attacks not only has a financial impact on local governments and businesses, but also threatens US national security, as ransomware can disrupt critical infrastructure and capture sensitive data,” said writes lawmakers.

The Hill has contacted the agencies to which the letter was sent for comment. DHS declined to comment, while a State Department spokesperson pointed out that the federal government is working hard to counter ransomware attacks.

“The U.S. government is pursuing a focused and integrated effort to disrupt ransomware players and the ransomware ecosystem, build resilience to defend against ransomware attacks, position the public and private sectors to respond and recover more quickly from incidents,” and work closely with international partners to hold criminals and the states that harbor them accountable, ”the spokesperson said in a statement provided to The Hill.

“The disruption of the criminal use of cryptocurrency is a key part of this effort,” they said. “The uneven implementation of anti-money laundering / terrorist financing (AML / CFT) requirements for virtual currency internationally prevents the US government from disrupting money laundering associated with ransomware. The State Department is investing in capacity building efforts to ensure appropriate regulation and implementation of “know your customer” and other AML / CFT controls for virtual currency exchanges abroad. “

The Democrats who signed the letter are not the first lawmakers to worry about this issue. Senator Maggie HassanMargaret (Maggie) Hassan Democrats Urge Federal Agencies To Fight Use Of Cryptocurrencies For Ransomware Payments Senate Close To Avoiding Debt Crisis Is Virginia Running In Problems much deeper to Democrats? FOLLOWING (DN.H.) letters sent to several federal agencies in September asking them to crack down on the use of cryptocurrency exchanges for criminal practices.

Concerns about cryptocurrency exchanges have increased in recent months following a series of major ransomware attacks in which hackers have used cryptocurrency exchanges for the payment of victims in order to make it more difficult for authorities to trace the funds.

These attacks included those against Colonial Pipeline and meat producer JBS USA, both of which chose to pay the ransoms in bitcoin. After the attack, however, the Justice Department was able to recover the majority of the $ 4.4 million in bitcoins paid by Colonial.

Several agencies have already taken action to tackle hackers’ use of cryptocurrency in ransomware attacks, including the Treasury Department, which last month sanctioned Suex OTC for allegedly facilitating ransomware payments, its first sanctions against a virtual currency exchange.

The Department of Justice also moves in space. Deputy Attorney General Lisa Monaco announced earlier this week that the agency is setting up a national cryptocurrency enforcement team to “dismantle” cryptocurrency exchanges used to facilitate ransomware payments by victims .

“Cryptocurrency exchanges want to be the banks of the future, well, we have to make sure that people have confidence when they use these systems, and we have to make sure that we are prepared to eliminate the abuses that can occur. install on them, ”Monaco said when she announced the group at the Aspen Institute’s virtual cyber summit.

-Update at 6:15 p.m.


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CEO Martina King explains how her AI fraud prevention technology has adapted amid the pandemic https://atosvictimsgroup.co.uk/ceo-martina-king-explains-how-her-ai-fraud-prevention-technology-has-adapted-amid-the-pandemic/ https://atosvictimsgroup.co.uk/ceo-martina-king-explains-how-her-ai-fraud-prevention-technology-has-adapted-amid-the-pandemic/#respond Fri, 08 Oct 2021 10:37:00 +0000 https://atosvictimsgroup.co.uk/ceo-martina-king-explains-how-her-ai-fraud-prevention-technology-has-adapted-amid-the-pandemic/ When the pandemic struck and the lockdowns were imposed, consumer behavior changed overnight. While many fraud prevention systems have struggled to cope with the rapid shift to all online purchases, Featurespace’s self-learning models have shone, quickly embracing these new models. Martina King, CEO of Featurespace, with Lord Lieutenant of Cambridgeshire Julie Spence during the presentation […]]]>

When the pandemic struck and the lockdowns were imposed, consumer behavior changed overnight.

While many fraud prevention systems have struggled to cope with the rapid shift to all online purchases, Featurespace’s self-learning models have shone, quickly embracing these new models.

Martina King, CEO of Featurespace, with Lord Lieutenant of Cambridgeshire Julie Spence during the presentation of the Queen’s Award for Enterprise: International Trade. Image: Featurespace

It’s this sophistication in the face of change – and, in fact, the ever-increasing efforts of cybercriminals to break through defenses – that has helped Featurespace’s spiral of success this year.

The Cambridge-based company Science Park has secured 68 clients and is now generating more revenue in the United States than the company as a whole in 2018.

No wonder he won the Queen’s Award for Enterprise: International Trade earlier this year, an award which was finally presented in person last Thursday by the Lord Lieutenant of Cambridgeshire, Julie Spence.

“It was a great day,” Featurespace CEO Martina King told the Cambridge Independent. “We have hosted a lunch for all of our team here in the UK. We moved into our office in Cambridge Science Park, which we took over in March 2020. Today was the first day we were able to have the whole team in the office, for what was such a big event.

The Queen’s Award – the company’s second – recognizes the global growth of Featurespace since leaving the engineering department at Cambridge University in 2008, formed by the late Professor Bill Fitzgerald with his doctoral student, Dave Excell, who is now responsible for the growth and operation of the company across the Americas and oversees overall product strategy.

Interview with Martina King, Broers Building, Hauser Forum, 21 JJ Thomson Avenue, Cambridge.  Photo: Keith Heppell
Interview with Martina King, Broers Building, Hauser Forum, 21 JJ Thomson Avenue, Cambridge. Photo: Keith Heppell

“Our head office is in Cambridge and we have offices in London, Atlanta in the United States, Singapore and Israel,” said Martina.

“We have team members who work in several states in the United States and we have team members in Portugal, Spain, Australia and Thailand.

“We have a truly international customer base: 76 percent of this year’s sales were made outside the UK, 46 percent of which was in America.

“Our clients are based in 20 countries and we monitor transactions in over 120 countries. We have doubled the number of countries we serve in three years.

The company’s fraud prevention and anti-money laundering software monitors customer data in real time, using proprietary machine learning technology, adaptive behavioral analytics and networking deep automated behavioral.

Its ARIC Risk Hub provides financial institutions with a single customer view across the entire payment journey, predicting individual behavior in real time and automatically recalculating risk, despite changes in data flows.

It really made sense when the blockades were imposed.

Martina King, CEO of Featurespace, receives the Queen's Award from Lord Lieutenant Julie Spence.  Image: Featurespace
Martina King, CEO of Featurespace, receives the Queen’s Award from Lord Lieutenant Julie Spence. Image: Featurespace

“Ours has proven to be the only technology in the world that adapts and learns to a new data stream without anyone having to intervene,” said Martina. “A good example of this would be in card scoring, where all the data changed on March 23, 2020 from a mix of card present and card not present, to all cards not present, as everyone was performing home transactions.

“All the other companies had to retrain their machine learning models on the new dataset, but because ours are self-taught, our technology was really put through stress tests and in a very short time it was. recycled and has been able to provide protection to the level we offer.

“Our consumers and businesses have been protected faster than anyone else. “

And that’s good, because Covid-19 has also triggered a cybercrime epidemic.

“Scams have increased dramatically during the pandemic,” notes Martina. “Criminals took advantage of fear during the Covid pandemic. Having technology that works behind the scenes to try and protect consumers from financial crime has been essential. “

He helped Featurespace secure new customers this year, such as eftpos, the Australian debit card payment system, a major Irish financial services company, a major Nigerian payment and switching service provider, and several banks in Australia. United States and Europe.

“We have two different routes and customer bases – indirect, where companies white label our technology and have a fraud system enhanced by their own customers and data. A good example of this would be WorldPay or TESSIS, on the merchant and card issuers side. And then the banks use our systems directly to protect payments throughout the banking transaction process, ”explains Martina.

Cybercrime has increased during the pandemic
Cybercrime has increased during the pandemic

“The installation depends on the complexity of the customer. If it’s an organization with very modern technology, they can take our software and install it themselves and be up and running in a matter of days.

“Depending on the complexity of their data environment, this could take weeks, but if it’s a large company that wants our software to protect, for example, all of a bank’s payments, these installations could take months. “

Featurespace now employs 400 people, half of them in Cambridge, where it also has room for expansion in its new headquarters. It continues to recruit software engineers and data scientists, as well as support workers, project managers and others.

“We are bringing back our internship program and also reintroducing our graduate recruitment program,” notes Martina.

The company has just appointed British Army veteran Will Anderson as director of communications and marketing.

He is a former senior vice president of corporate and brand affairs at Careem, the ‘super app’ for the wider Middle East region, and a former partner of Brunswick Group, the global consulting firm. strategic communication.

“Will brings experience of managing a brand in a rapidly growing multinational technology company and his qualities of strategic thinking, rigorous planning, cultural empathy and thoughtful and creative execution will prove to be essential in helping us. to reach more customers around the world and to strengthen Featurespace’s reputation as a technology leader and a force for good, ”said Martina.

Featurespace technology detects fraud in real time
Featurespace technology detects fraud in real time

The company is firmly in favor of a wider education of the risks for consumers.

“Criminals feed off fear and make people react very quickly and prevent them from pausing and thinking,” says Martina. “We want to be at the forefront of helping our customers and consumers learn about the tactics criminals would use to cheat them out of their money.

“The more people are aware, the better they are protected. Today a lot of people are aware of this and if they see a certain type of email they delete it and do not respond at all. It is the easiest way to stop crime in many ways.

“But it’s really difficult, especially for banks, to make sure that their business customers as well as consumers are always alert to these types of criminal activity. This is why they spend so much time using technology to protect their customers and their own organization.

For the coming year, Martina says Featurespace’s primary goal is to “continue to delight our customers.”

“When we made the promise to our industry, we said we would always try to make sure we bring them the best technology to solve fraud and financial crime and we stay on track with our innovation and heritage at Cambridge. to keep doing it, ”she says.

“The other part of the promise was to make sure that we give exemplary service and that we are always by their side and that we understand their challenges.

“As we evolve, as long as we continue to do these two things to the best of our ability, Featurespace will continue to grow. “

Read more

Featurespace files two global patents for its fraud prevention technology

Nine Queen’s Awards 2021 for Cambridgeshire companies

Featurespace CEO follows £ 25million fundraising round with prize

Martina King, CEO of Featurespace, on her mission, growth and impact of AI



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BUSINESS LIVE: FTSE 100 up 1%; Tax hike fears as energy prices skyrocket https://atosvictimsgroup.co.uk/business-live-ftse-100-up-1-tax-hike-fears-as-energy-prices-skyrocket/ https://atosvictimsgroup.co.uk/business-live-ftse-100-up-1-tax-hike-fears-as-energy-prices-skyrocket/#respond Thu, 07 Oct 2021 14:56:11 +0000 https://atosvictimsgroup.co.uk/business-live-ftse-100-up-1-tax-hike-fears-as-energy-prices-skyrocket/ BUSINESS LIVE: the FTSE 100 climbs by 1%; Tax hike fears as energy prices skyrocket; NatWest faces a £ 240million fine for money laundering; CMA drops investigation into BA and Ryanair refunds By Mike Sheen for This Is Money Posted: 2:52 AM EDT, October 7, 2021 | Update: 10:56 a.m. EDT, October 7, 2021 Soaring […]]]>

BUSINESS LIVE: the FTSE 100 climbs by 1%; Tax hike fears as energy prices skyrocket; NatWest faces a £ 240million fine for money laundering; CMA drops investigation into BA and Ryanair refunds










Soaring gasoline prices and rising inflation threaten to dig a hole in Rishi Sunak’s budget plans, which could force the Chancellor to raise taxes.

The cost of UK gas for delivery in November rose 40% yesterday, after a sharp increase over the past month caused by a shortage of gas entering Europe and the UK.

Last night, industry bosses accused Boris Johnson of putting Britain on the path to skyrocketing inflation as the Prime Minister escalated his battle with business.

The companies have warned that labor shortages – which have triggered empty shelves and queues at gas stations – will cause prices to spike unless the government steps in.

Britain’s competition watchdog, the Markets and Competition Authority, said on Thursday that a “lack of clarity in the law” means it is unable to ensure that customers of British Airways and Ryanair, which were prevented from flying due to Covid-19 restrictions, can get a refund.

The CMA launched an investigation into the airlines in June, fearing they had broken the law by failing to offer refunds for flights customers could not legally take during lockdowns.

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Problems ahead: Soaring gasoline prices and rising inflation threaten to blow a hole in Chancellor Rishi Sunak’s budget plans, which could force him to raise taxes

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BST study finds third of people reportedly struggling to eat after under £ 500 fraud https://atosvictimsgroup.co.uk/bst-study-finds-third-of-people-reportedly-struggling-to-eat-after-under-500-fraud/ https://atosvictimsgroup.co.uk/bst-study-finds-third-of-people-reportedly-struggling-to-eat-after-under-500-fraud/#respond Thu, 07 Oct 2021 11:30:49 +0000 https://atosvictimsgroup.co.uk/bst-study-finds-third-of-people-reportedly-struggling-to-eat-after-under-500-fraud/ About one in three people (32%) would struggle to feed themselves and their family if they lost less than £ 500 to fraud, with that figure rising to 50% for a loss of £ 1,000, according to a news report study conducted for BST. TSB launched its own fraud money back guarantee in 2019 to […]]]>

About one in three people (32%) would struggle to feed themselves and their family if they lost less than £ 500 to fraud, with that figure rising to 50% for a loss of £ 1,000, according to a news report study conducted for BST.

TSB launched its own fraud money back guarantee in 2019 to cover people who get scammed due to an honest mistake. He found that nearly three-quarters (74%) of people would argue that their bank offers a guaranteed refund.

Many banks have signed up for a voluntary refund code to help people who are tricked into transferring money to a fraudster, but some are concerned that some will expect customers to have in-depth knowledge of scams.

Other recent initiatives from the banking and construction industry have included setting up hotlines that customers can call if they receive a suspicious contact that could be a scam.

TSB said industry figures show that, on average, people lose £ 3,346 to authorized push payment (APP) scams where they are tricked into transferring money.

More than a quarter (28%) of the 2,000 people who took part in the survey said their mental health would be affected if they lost less than £ 500 to scammers, rising to 45% if they lost £ 1,000 .

The TSB has found that young people are more likely to have been victimized or to know someone who has been the victim of fraud in the past 12 months – one-third of those aged 18 to 34 (32%) being agreement compared to less than a fifth of 35 to 54 year olds (18%) and 13% of over 55s.

The bank said its guarantee has paid off 98% of all bank fraud cases since April 2019, up from 42% of funds lost to fraud returned to the victim across the industry, rising to 49% under voluntary reimbursement from the sector. coded.

Seven in 10 respondents (72%) said customers should be informed about their bank’s performance on fraud refunds.

The TSB said its money back guarantee has helped it become better informed about the nature of fraud cases because of the more transparent conversations customers now have with its fraud department – as they realize they don’t. are not “blamed”. He argued that this approach protects mental health as well as finances.

Latest scams to watch out for

The UK Finance trade association has argued that criminals are exploiting weaknesses beyond the control of banks – and coordinated action including other sectors is needed to tackle what it has described as a threat to national security.

Debbie Crosbie, Chief Executive Officer of the TSB, said: “There is still a lot to be done to better protect people and for industry and government to work together to combat this threat.

Caroline Abrahams, Charity Director of Age UK, said: “With so many people walking a financial tightrope right now, struggling to deal with the triple whammy of rising household bills, cuts in benefits and when the holidays are over, the very last thing they need is to be targeted by unscrupulous criminals.

“Fraud can have a catastrophic and life-changing impact, not only financially, but also on people’s trust, well-being and relationships.

“There are still far too many cases where innocent people are tricked by criminals into accepting a fraudulent transaction and then having to fight their bank for a refund.

“With only about half of victims reimbursed under the banking code, it’s clear that it’s not working as well as it should. The TSB’s recognition that we can all be victims of fraud and that banks are the better placed to provide protection is very welcome. “

Age UK offers free information on its website to help people avoid scams, find out more here.



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A UK finance spokesperson said: “Fraud has a devastating emotional impact on victims and the stolen money is used to fund serious organized crime.

“The banking industry invests billions in advanced systems to prevent fraud in the first place, but criminals exploit weaknesses beyond the control of banks, such as online platforms, to target customers. action across sectors to tackle what is now a threat to national security. “

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KPMG launches KYC due diligence platform https://atosvictimsgroup.co.uk/kpmg-launches-kyc-due-diligence-platform/ https://atosvictimsgroup.co.uk/kpmg-launches-kyc-due-diligence-platform/#respond Thu, 07 Oct 2021 04:04:11 +0000 https://atosvictimsgroup.co.uk/kpmg-launches-kyc-due-diligence-platform/ The UK wing of KPMG has launched a new customer due diligence technology platform to help businesses cope with regulatory pressure and skyrocketing compliance costs. The Know Your Customer (KYC) guidelines in financial services require that professionals make every effort to verify the identity, suitability, and risks of maintaining a business relationship. However, the number […]]]>

The UK wing of KPMG has launched a new customer due diligence technology platform to help businesses cope with regulatory pressure and skyrocketing compliance costs.

The Know Your Customer (KYC) guidelines in financial services require that professionals make every effort to verify the identity, suitability, and risks of maintaining a business relationship. However, the number of contact points required to contact a customer makes KYC an extremely expensive process. The long process of compliance with the guidelines means that banks are investing huge amounts of capital in their KYC efforts. According to Thomson Reuters, some large financial institutions spend up to $ 500 million per year on KYC and due diligence, while 10% of the world’s largest financial institutions spend at least $ 100 million per year.

However, KPMG UK hopes to help clients navigate the KYC process faster and more efficiently. The Big Four Company has launched an innovative cloud-based platform – KPMG Smart Customer Due Diligence (CDD) – which optimizes CDD activities to help reduce costs and improve accuracy.

Richard Parsons, Director of KPMG Smart CDD, said: “We have combined our expertise in customer due diligence, technology and operational service delivery to create a data-driven CDD approach, providing certainty of costs through a ready-to-use solution that meets regulatory requirements and is preconfigured to industry standards.

Unlike other CDD solutions which only target specific sensitive points in the compliance process, the new solution uses third-party integration as standard, provides granular management information and a robust audit trail, with handoffs and escalations. clear. As a result, the toolkit can manage the entire CDD journey from end to end, improving efficiency and reducing headcount. Compared to other KYC technology companies, KPMG also brings financial crime experts and operational expertise to run the program for high quality results.

Simon Mansell, Head of CDD at KPMG UK Forensic, said: “With organizations recovering from the pandemic supported by growth and expansion, their exposure to risk will undoubtedly intensify as they seek to penetrate further. new markets. With increasing uncertainty and regulatory oversight in global economic markets, they need to know that all relevant customer information is correct. This innovative “out-of-the-box” CDD tool, combined with our operational excellence, gives us the unique ability to create and deliver high-quality service, giving customers peace of mind when they get back on their feet.

According to a statement from KPMG, the CCD system could help customers reduce the total cost of KYC compliance, generating potential cost reductions of up to 40%. At the same time, quality control and quality assurance are built into its intelligent workflow, leveraging a quality framework and deep expertise in financial crime, to also improve the effectiveness of KYC.

KPMG Forensic’s global network of over 3,000 experienced professionals utilize accounting, investigative, intelligence, technology, economics, and in-depth industry skills along with consistent global methodologies to help reduce reputational risk and trade losses, and to improve the obtained value of existing contracts. Its teams are located in the main developed markets such as the United Kingdom and the United States, as well as in the main emerging economies of Central and Eastern Europe, Russia, South America, Africa, the Middle East. East and Asia.


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