The Chartered Institute of Public Finance and Accountancy’s Counter Fraud Centre (CCFC) is partnering with BAE Systems Applied Intelligence to develop counter fraud and cyber security services.
Targeting public sector services, the partnership aims to revolutionise how public sector organisations can use technology to identify and protect themselves against fraudulent activity and cyber attack.
Four main areas will be addressed by CIPFA, powered by BAE Systems, with the first looking at how to manage risk. In this area, a global fraud risk register will be created to allow for a better understanding of the fraud landscape
In the area of fraud detection, the partnership will enable public services to utilise advanced data analysis tools to better support the fight against fraud and connect with other authorities facing similar issues.
The two companies will also educate the public in the area of cyber security, in addition to supporting public services with AML solutions to check the legitimacy of payments and help identify fraudulent activity.
Rachael Tiffen, Head of the Counter Fraud Centre, commented:
"We are delighted to announce our strategic partnership with BAE Systems Applied Intelligence in an initiative aimed at making new capabilities available to public services to improve their counter fraud and cyber security strategies and better protect the public pound.
"Since the launch of CCFC last year, we have been looking at ways to create smarter technology that will allow public sector organisations across the UK to co-operate with each other.
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"The Institute is particularly excited about the fraud detection capability that is being developed by CIPFA and BAE Systems. Public services are experiencing huge shortfalls as a result of fraud and we hope to be able to decrease this by collecting and sharing data."
George Robbins, Senior Director, Commercial Solutions, EMEA from BAE Systems Applied Intelligence, said:
"Supporting the public sector in the fight against digital crime is a key contributor to ensuring that public services resources within the UK are focused where they are most needed and to greatest effect.
"It is our pleasure to help bring the combination of the focused insight of CIPFA’s Counter Fraud Centre together with innovative technology to bear in the fight against fraud and cyber attack."
