The Fintech Times

AUGUST 31, 2024

Research from Chainalysis , the blockchain data company, has revealed worrying signs about the growth of crypto scams in China. Previously, the highest number of scams in new wallets was 29.9 per cent in 2022. Interestingly, while crypto scams might be on the rise, their lifetime has actually decreased.

Romance Scams 59

Romance Scams Scams Law Enforcement Crime 59

Finextra

FEBRUARY 5, 2024

The number of people falling victim to romance scams increased by a fifth (22%) in 2023, compared to 2022, according to the latest data from Lloyds Bank.

Romance Scams 45

Romance Scams Scams 45

The Fintech Times

AUGUST 2, 2024

In 2023, Authorised Push Payment (APP) scams totalled just shy of £341million in the UK, with new research highlighting that reimbursement varies significantly depending on who consumers bank with. In the same year, victims reported 252,626 cases of APP scams – but not all reports resulted in refunds from their banks.

Scams 64

Scams Romance Scams CRM Monetary Loss 64

Fintech News

FEBRUARY 15, 2024

billion in 2022, new data released by blockchain analysis firm Chainalysis reveal. Value received by illicit crypto addresses dropped significantly in 2023, driven by a decline in crypto scamming and hacking revenue by 29.2% In 2023, the value received by illicit cryptocurrency addresses amounted to US$24.2 and 54.3%, respectively.

Ransomware 105

Ransomware Crime Transactions Romance Scams 105

The Fintech Times

MAY 22, 2024

Last year, UK Finance announced that over £1.2billion was stolen through fraud throughout 2022. In its Annual Fraud Report 2024 , UK Finance detailed the amount its members reported as stolen through payment fraud and scams, with a primary focus on authorised push payment (APP) fraud and unauthorised fraud.

Scams 59

Scams Finance Push-to-Card Romance Scams 59

Neopay

MAY 28, 2024

UK Finance releases its 2024 annual fraud report, detailing the amount its members reported as stolen through payment fraud and scams in 2023. billion through unauthorised and authorised fraud in 2023, a four per cent decrease compared to 2022. million this year, down three per cent compared to 2022. Criminals stole £1.17

Scams 52

Scams Push-to-Card Romance Scams Crime 52

FICO

FEBRUARY 9, 2023

Home Blog FICO APP Scams: What Impact Will the PSR’s Proposals in the UK Have? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. The vast media attention on the various types of payment scams has helped keep awareness high.

Scams 52

Scams Push-to-Card Romance Scams Regulations 52