Crime Payee Romance Scams 
The Fintech Times
AUGUST 2, 2024
“Notably, while other types of APP scams are declining, romance scams are on the rise, indicating a pressing need for increased efforts to combat these crimes. The government must intensify its awareness campaigns, and payment firms need to enhance their protective measures.
FICO
FEBRUARY 25, 2022
Despite preventative measures such as Confirmation of Payee (COP), stories of distraught victims losing large sums to clever scammers have not gone away. They have therefore turned their attention to crime where identity authentication is of limited use. Is the payee account one that other customers have paid into on a regular basis?
FICO
FEBRUARY 9, 2023
million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. These are the known figures, but there will be far more unreported incidents, such is the embarrassment felt by those who have fallen victim to scammers, for example, a romance scam.
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