When you tell us about something suspicious you’ve received – whether it’s a call, message, email or even a letter – it’s our mission to get to the bottom of it.
Our investigations begin
The moment you hit ‘report’ on our scam report form, your details go through to our experts in the Financial Crime Intelligence Unit.
The team have around 175 years' combined experience between them and they’re headed by the industry financial crime Practitioner of the Year 2020 – so you know you’re in good hands. You’ll get a response from us within two working days – that’s a first for an insurance company.
The people who’ve sent reports to us often already know they’re looking at a scam, but they’re still grateful to get that reassurance from us. We give them guidance on next steps.
Depending on what’s happening – anything from loss of money to stolen data – we’ll decide how we can help them or support them when they’re speaking to other financial companies, such as their bank.
Even though you may know it’s a scam when you contact us, by reporting it, you’re helping us in that fight. Because each time you report suspected fraud to us, it helps us to build on our intelligence (that’s our knowledge on these scams).
Fighting fraud with intelligence and data
Our fraud-fighting efforts are supported by the information we receive from your reports. This extra intelligence on these scams allows us to get an even better idea of who these criminals are – and how they work.
Sharing this intelligence across the business allows us to find links between cases which, at first glance, might appear unrelated.
By monitoring and sharing data the way we do, we make it that much harder for criminals to hide away. Keith W, Special Investigations Unit, says “The criminals committing pension fraud can sometimes be the same ones who are ghost broking. Thanks to our intelligence-led approach, we can spot patterns and identify this.”
We’re even creating our own data science system to track cases. Oliver H, Principal Data Scientist, says “We’re investing in building our own case management so we can link cases together and get a fuller picture of what’s happening.” Building our system in house means we can tailor it to meet the unique requirements of our business, so we can better protect you.
As you can see, we take data seriously – so much so that our approach even earned us the Technology of the Year Award for Financial Crime in the fraud category.
Your reports have a huge impact
There are two important things we want to do – prevent someone from being scammed and detect fraud before it even happens. And your reports help us do both of these things.
Let’s say you get a suspicious call from someone claiming to be us. Once you report it, we can confirm whether it was really us you spoke to. If it wasn’t, we can warn you before you share your details and stop you from being scammed. And because we now know it’s a method criminals are using, this feeds back into our intelligence – helping us to detect similar scams in the future.
Your reports have already given us valuable details on fake bond and ISA sites criminals have been setting up, as well as ghost brokers selling fake car insurance. This information also helps us to build our own reports to share with other organisations.
We take it further
We use the information you give us to look deeper into scams. We then share our findings with agencies such as the Police – and even social services (if we know the customer is vulnerable). We also report our concerns to the Financial Conduct Agency (FCA) and National Crime Agency (NCA). And we were one of the first insurance companies to join the NCA’s intelligence task force.
We’re also members of three trading bodies – the Association of British Insurers, Investment & Life Assurance Group and the Investment Association. We use our influence as members to bring the bodies together to better protect you.
We’re talking to the right people to make a change
As you can see, protecting your money is a top priority of us. It’s why our Group Financial Crime Risk Director, Peter Hazelwood, spoke at a Parliamentary hearing on the topic of pension scams 1.
In the hearing, Peter raised concerns around the high number of “cloned investment sites selling fake bonds and fake ISAs.”
When asked what we’re doing to tackle the issue, Peter says “We’ve set up a dedicated fraud site and issued the Aviva Fraud Report. We’ve engaged the Security Minister on the topic. We’ve formed a task force with all other providers to share intelligence. And we’ve joined the NCA’s COVID fraud task force to actively share intelligence on this threat, which accelerated during lockdown.”
By sharing data across the business, working together with external agencies and organisations and taking our concerns up to Government level, we want to make real change – taking down fraudsters and better protecting you.
And we’re able to do all of this thanks to your reports.