Deepfake, Fraud Detection and MFA

The PSR’s new fraud refund rules: A step forward, but is it enough?

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments.

Rules

Rules Fraud Prevention Caps Deepfake

Navigating the rise of AI-enabled fraud

The Payments Association

DECEMBER 10, 2024

As payment systems become more digitised and interconnected, the attack surface expands, and the stakes for payments firms to invest in robust, AI-driven fraud detection and prevention systems have never been higher. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

AI Fraud Detection Fraud Prevention Deepfake

Payments Space

The PSR’s new fraud refund rules: A step forward, but is it enough?

Navigating the rise of AI-enabled fraud

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