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. Purchase scams account for 67 per cent of the total number of APP cases.

Scams 52

Scams Push-to-Card Romance Scams Crime 52

The Fintech Times

MAY 22, 2024

However, in its latest report published today, the UK banking and financial services trade association announced that there was a four per cent decrease in the amount stolen to £1.17billion in 2023. However, throughout 2023, UK Finance revealed that fraudsters did not physically need a card in order to attempt unauthorised fraud.

Scams 59

Scams Finance Push-to-Card Romance Scams 59

Fintech News

FEBRUARY 21, 2024

In the ever-evolving cryptocurrency market landscape, 2023 marked a pivotal year that saw significant shifts in the nature and scope of illicit activities. The introduction of more sophisticated fraud detection technologies and a growing awareness among investors about the risks of scamming tactics contributed to this downward trend.

Crime 105

Crime Ransomware Scams Stablecoins 105

FICO

FEBRUARY 19, 2020

The Clearing House Association’s RTP as well as The Automated Clearing House offer same day clearing and the Federal Reserve is looking to launch instant payments with their FedNow scheme in 2023. The ability to move money through multiple accounts quickly, makes it difficult for law enforcement to track criminal proceeds.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92