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The UK is home to the most sophisticated Authorized Push Payment (APP) scams in the world. Now, in 2020, APP scams are expected to eclipse card fraud, fueled by niche schemes related to the COVID-19 pandemic. Here’s a preview: Q: Why is the UK a hotbed of APP scam activity? Q: How do banks address APP fraud today?
The UK is home to the most sophisticated Authorized Push Payment (APP) scams in the world. Now, in 2020, APP scams are expected to eclipse card fraud, fueled by niche schemes related to the COVID-19 pandemic. Here’s a preview: Q: Why is the UK a hotbed of APP scam activity? Q: How do banks address APP fraud today?
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