The Payments Association
JULY 30, 2024
Fraud continues to be a major risk to all firms, regulated and non-regulated, not just through monetary loss but also regulatory and reputational risk. We are excited to announce the expansion of our Financial Crime services to support with Fraud challenges. Download our new Fraud Services brochure to find out more. Read more
The Fintech Times
FEBRUARY 19, 2025
“True AI reliability comes from continuous validation, comprehensive testing, and maintaining human oversight. Companies need systematic approaches to evaluate AI performance across different market conditions, customer segments, and edge cases. Meaning that you are hardcoding these risks in the fabric of your organisation.
PYMNTS
DECEMBER 16, 2020
The industry as a whole lost $165 billion in revenue between March and July, and it is on track to lose $240 billion by 2021 — with the decline expected to continue until the pandemic abates. Mobile ordering apps are largely responsible for keeping the industry above water, but fraud still plagues the sector.
The Payments Association
FEBRUARY 10, 2025
The UK government outlines six guiding principles for compliance: proportional procedures, leadership commitment, fraud risk assessment, due diligence, effective communication and training, and continuous monitoring and review. Where vulnerabilities exist Naturally, every organisation has areas of vulnerability.
PYMNTS
DECEMBER 9, 2016
However, it is likely other smaller groups will appear sooner or later to take their place as this is such a lucrative business,” Kroustek continued. And since Avalanche was a platform used to spread malware, we can expect to see cybercriminals migrating to another system to continue to spread their malicious programs.”.
PYMNTS
JANUARY 27, 2020
The Business Email Compromise (BEC) continues to evolve. Separate analysis from Singapore warned that monetary losses associated with BEC scams that specifically instruct targeted employees to send gift card redemption details are on the rise, too.
FICO
SEPTEMBER 16, 2020
UK banks continued to strengthen and improve their systems, taking the learnings from the 2018 spikes to better control future compromises, and take the next steps forward to further improve Card Not Present (CNP) protection. See the interactive map at www.fico.com/europeanfraud. Card Fraud Across Europe. by Toby Carlin.
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