Group-IB launches secure platform to combat GBP £600m UK fraud
Group-IB has introduced a new cyber fraud intelligence platform that aims to enable real-time, cross-institution sharing of fraud risk signals while ensuring compliance with privacy regulations. The platform, named the Cyber Fraud Intelligence Platform (CFIP), is designed to help banks and other organisations collaborate against a rising tide of digital fraud.
Fraud trends
According to recent figures, UK financial institutions lost GBP £600 million to fraudsters in the first half of 2025. The number of reported cases climbed by 17%, driven in part by increased incidents of authorised push payment (APP) fraud. As digital fraud continues to evolve, the sector has struggled to share intelligence at the pace and scale required, often due to strict data protection requirements.
Privacy compliance
CFIP addresses the challenge of balancing real-time intelligence sharing with data privacy by utilising Group-IB's patented Distributed Tokenization technology. This technology allows banks to exchange anonymised signals about suspicious activity without exposing personal data, a critical consideration under regulations such as the General Data Protection Regulation (GDPR). Bureau Veritas has independently validated that CFIP's privacy-preserving methods are fully compliant with GDPR standards.
Operational impact
Traditional approaches to fraud intelligence sharing have often been reactive, generally identifying and reporting incidents after funds have been lost. Group-IB's new platform aims to reverse this dynamic by correlating anonymised risk signals across participating organisations in real time. This enables financial institutions to identify and intercept scam activity, including APP scams, business email compromise, mule account networks, synthetic identities, and account takeovers, before transactions are completed.
"CFIP bridges one of the biggest gaps in financial-crime prevention - the ability to collaborate securely," said Julien Laurent, Financial Crime and Compliance Specialist, Group-IB.
Technological integration
CFIP has been built as a cloud-based service, optimised for deployment on Amazon Web Services. Its microservices architecture supports large-scale, cross-border use, handling up to 25 million transactions per day in national deployments. The system can also integrate with existing risk management and case management tools, and offers flexible deployment options for organisations needing on-premise or hybrid installations to satisfy local regulations.
Regulatory alignment
Authorities around the world increasingly require banks to collaborate on fraud prevention. For example, the UK Payment Systems Regulator, the European Union's Anti-Money Laundering Regulation, and Singapore's COSMIC framework all call for improved intelligence sharing. Group-IB states that CFIP is built to meet these regulatory demands by providing an operational mechanism for privacy-compliant fraud intelligence exchange.
Use cases and results
In deployments abroad, CFIP is already being used to proactively detect and block mule accounts and process hundreds of thousands of fraud checks daily. In a Central Asian implementation, the platform is identifying up to 400 mule accounts every day and checks around 180,000 transactions. Projections from this deployment estimate annual savings of USD $100 million to USD $300 million at full adoption.
Other use cases for the platform include detecting account takeovers by correlating pseudonymised device data, identifying synthetic identity networks, examining patterns of loan application fraud across institutions, and allowing for secure tracking of suspicious transactions to facilitate recovery of stolen funds.
"Financial crime is one of the most complex and costly challenges of our time, and no single organization can solve it alone. CFIP reflects our commitment to tackling digital crime through collaboration - proving that when privacy, compliance, and shared intelligence come together, the entire financial ecosystem becomes stronger and more resilient," said Dmitry Volkov, CEO, Group-IB.
