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 Scams Debit Card 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

FICO

JUNE 15, 2023

They use sketchy providers who don’t normally work with law enforcement and then phish, smish, email, and robocall the heck out of people. billion reported in 2021. In an investment scam, the scammers pose as a legitimate entity offering something lucrative or luxurious with fake websites that seem convincing.

Scams 52

Scams Real Time Payments Smishing Same Day ACH 52