FICO

FEBRUARY 23, 2022

You might think that fraud accounting for hundreds of billions of pounds of loss would be a top concern for consumers – but according to FICO’s recently completed Consumer Fraud Survey: 2021 , it is not. In September 2021, UK Finance reported a 71% increase in APP fraud during the first six months of 2021.

Scams 98

Scams Fraud Detection Smishing Fraud Prevention 98

FICO

FEBRUARY 16, 2023

Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Banks should deploy fraud checks prior to authorizing any purchase or payment transaction.

Compromise 98

Compromise Debit Card Scams Smishing 98

FICO

FEBRUARY 23, 2022

You might think that fraud accounting for hundreds of billions of pounds of loss would be a top concern for consumers – but according to FICO’s recently completed Consumer Fraud Survey: 2021 , it is not. In September 2021, UK Finance reported a 71% increase in APP fraud during the first six months of 2021.

Scams 52

Scams Consumer Fraud Detection Smishing 52

Fintech News

DECEMBER 15, 2024

The scams often involved fraudsters impersonating HSBC staff to gain access to customer accounts, frequently through smishing attacks that tricked customers into revealing sensitive information. In 78% of the cases, HSBC failed to meet the prescribed timeframes, with compliance rates as low as 0% in 2020 and 4% in 2021.

Scams 43

Scams Smishing Blocks Fraud Detection 43