Black Friday is that day of the year when buyers start scouring online and offline platforms for the best deals. The day signals the start of the Christmas shopping frenzy that culminates in January sales. Having caught on rapidly in the UK within the last ten years, UK shoppers are expected to spend £10Bn on Black Friday shopping this year.

Fraud is a malicious activity that if you don’t look for, you won’t easily find. And, when you do discover its detrimental effects, it might be much too late in the day when the damage has already been done. Fraud is especially rampant in the financial services sector where it is an on-going threat, both internally and externally. The LIBOR (London Interbank Offered Rate) interest rate fixing where banks falsely inflated or deflated their rates to profit from trades or to improve creditworthiness is one example. The more recent Payment Protection Insurance (PPI) outrage involving banks and other lenders wrongly selling PPI to customers is yet another scandal.