The Web Trawler

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Monthly Financial Crime Related News

May 2019 

FBI take down Deep Dot Web

the go to site for the latest news on the Dark Web, Deep Dot Web, has been seized by the FBI. Due to the site being available via the surface web (as well as the dark web) it was an easy go to for investigators to understand trends and markets within the hidden web.

The Times Israel are reporting that several people have been arrested internationally on suspicion of supporting the purchase of drugs and weapons.

Many on investigators were asking (via Twitter) for links to any sites similar to Deep Dot Web. Dark Net News appeared on several replies as being a good alternative, however at time of writing (May 10th) the site is displaying a 404 page not found error.

Public are warned of commonly used methods by travel fraudsters

Action Fraud (The National Fraud and Cyber Crime site) have joined with ABTA (The Travel Association) and Get safe online to raise awareness of Travel / Holiday fraud.

Action Fraud has reported that they have had over 5,000 people report fraud to them in 2018. Over half of holiday frauds reported to Action Fraud were related to the sale of airline tickets. Around a quarter of the reported fraud was related to accommodation.

In all Action Fraud calculate that fraudsters stole more than £7 million through scams targeting the public. This is up from 2017 when it calculated that fraudsters had stolen in the region of £6.7 million through travel fraud scams.

For more information click on the following link to the Action Fraud press release dated 09th May 2019: https://www.actionfraud.police.uk/news/action-fraud-report-reveals-7-million-lost-to-holiday-fraud

Banking Fraud Prevention System Delayed Until March 2020

The six biggest UK banks, who are involved in around 90% of UK based bank transfers, now have until 31st March 2020 to implement The Payment Systems Regulator (PSR) Confirmation of PAYEE (CoP) which is designed to protect customers from Authorised Push Payment Scams and payments being made to the wrong account accidently.

For more information click on the following link to the PSR press release dated 09th May 2019: https://www.psr.org.uk/psr-publications/news-announcements/psr-opens-follow-up-consultation-on-cop