Account Takeovers Law Enforcement Romance Scams 
FICO
FEBRUARY 19, 2020
The ability to move money through multiple accounts quickly, makes it difficult for law enforcement to track criminal proceeds. It is not a new type of fraud, but the speed in which criminals can access the money they have scammed and the irrevocable nature of such payments makes it more attractive.
The Fintech Times
MAY 22, 2024
The report found that card ID theft increased, with losses up 53 per cent to £79.1million, as many criminals reverted to stealing ID and falsely applying for new credit cards or account takeovers, were they not able to trick someone through APP. Purchase scams accounted for 67 per cent of the total number of APP cases.
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