Ransomware and data extortion attacks in…

This article was written in partnership with Daniel Woodhouse, Wouter Veugelen, Natasha Passley and Cameron Morse of FTI Consulting.  Ransomware and data extortion attacks are unfortunately becoming increasingly common (see for example, high-profile attacks on Canva[1], Latitude Financial[2] and recently the Legal Practice Board of Western Australia).[3] These attacks typically involve a party (commonly referred to as a…

Birmingham man used firm’s Covid money for shopping and days out

Dar deliberately made false representations to fraudulently receive three loans, chief investigator at the Insolvency Service David Snasdell stated. He added: “Instead of using this money to support his fitness business through the pandemic as intended, he diverted significant sums for personal spending.” Dar made fraudulent applications to three banks for Bounce Back Loans during…

Insolvency Service launches strategy to tackle crime

The Insolvency Service has announced ambitious and transformational plans to play a more prominent role in the fight against economic crime and be recognised as the UK’s leading authority in enforcing corporate and insolvency standards. The strategy commits the agency to broadening its remit, taking robust action against criminals who defraud businesses and taxpayers, and…