FICO

FEBRUARY 23, 2022

That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020. Fortunately, it’s not all gloom and doom.

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Scams Fraud Detection Smishing Fraud Prevention 98

FICO

FEBRUARY 23, 2022

That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020. Fortunately, it’s not all gloom and doom.

Scams 52

Scams Consumer Fraud Detection Smishing 52

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. AI- and ML powered models can help protect against credit card fraud, debit card fraud, and authorized user fraud related to scams.

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Compromise Debit Card Scams Smishing 98

FICO

JUNE 15, 2023

Home Blog Feed test To Stop Scams, It’s Time to Add Sensible Friction to Easy Money The convenience and speed of real-time payments makes it easy for fraudsters to scam individuals. Fraudsters love this change and have been scamming consumers and businesses at full speed with all sorts of sneaky, dirty tricks.

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Scams Real Time Payments Smishing Same Day ACH 52

Fintech News

DECEMBER 15, 2024

The Australian Securities and Investments Commission ( ASIC ) has launched legal proceedings against HSBC Australia, alleging systemic failures in protecting customers from financial scams. 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.

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Scams Smishing Blocks Fraud Detection 43