Karl Flinders

2 weeks ago | computerweekly.com | Karl Flinders

The government has handed the Post Office £136m more in taxpayer’s money towards its core technology transformation project. This is part of a total of £277m in “further” funding which the government said will also go towards ensuring the Post Office has the resources needed to administer financial redress payments to subpostmasters affected by Horizon scandal.

2 weeks ago | computerweekly.com | Karl Flinders

Scams evolve fast He warned that scams evolve at “breakneck speed”, making it difficult for customers to keep abreast of threats. “Providing customers with the information they need to protect themselves from these criminals is vital if we don’t want to see that £18m increase in the next Scamtracker stats,” said Ainsley. The report said customers over 80 years old reported the biggest increase in scams, with an increase of 7% on the final three months of last year.

2 weeks ago | computerweekly.com | Karl Flinders

Fintech trade body calls on the government to establish a national centre to help businesses across different sectors fight fraud through data sharing. Innovate Finance said that current data sharing initiatives designed to fight fraud operate in silos, which means the country lacks the “critical mass” or “scale” needed to stop fraudsters. The call for an anti-fraud centre came in the organisation’s plan to halve fraud in the UK by 2028, titled A technology strategy to smash fraud.

2 weeks ago | computerweekly.com | Karl Flinders

The Post Office is pushing the government to give the benefit of the doubt to more than 1,000 former subpostmasters claiming compensation, where it hasn’t yet found evidence that Horizon errors caused shortfalls. The claimants have applied for a £75,000 fixed payment under the Post Office’s Horizon Shortfall Scheme (HSS) – previously called the Historical Shortfall Scheme – which was set up to offer redress to victims of the Post Office Horizon scandal.

2 weeks ago | computerweekly.com | Karl Flinders

Banks and tech firms are coming together in an initiative to share information on fraud to give them visibility of the attacks targeted at customers. The collaboration is part of Stop Scams UK’s intelligence-sharing pilots, which have brought together banks such as HSBC, NatWest and Santander with tech firms Amazon, Google and Meta.