Romance scams rose by a fifth in 2023
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.
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.
The Paypers
FEBRUARY 5, 2024
Lloyds Bank has released its latest data on romance scams and it shows that the number of people falling victim to these scams has increased by 22% in 2023 compared to the previous year.
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.
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 2023 alone, 4.5 Under the existing voluntary reimbursement framework, 67 per cent of money lost to APP scams was reimbursed.
Fintech News
FEBRUARY 15, 2024
In 2023, the value received by illicit cryptocurrency addresses amounted to US$24.2 Value received by illicit crypto addresses dropped significantly in 2023, driven by a decline in crypto scamming and hacking revenue by 29.2% billion worth of transaction volume in 2023, representing 61.5% and 54.3%, respectively.
The Fintech Times
APRIL 11, 2024
More complex and financially damaging types of APP fraud include romance scams. Identity fraud can be used to make a scam seem more realistic by hijacking the established identity of a real person.
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.
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