Remove Deepfake Remove Fraud Prevention Remove MFA
article thumbnail

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

The Payments Association

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 88
article thumbnail

Security Awareness Training: What It Is, Its Importance & How to Implement It

Seon

Password management : Using multi-factor authentication (MFA) and password managers. Anti-fraud measures : Dedicated approaches to combate fincrime, such as fraud prevention solutions like SEON. Digital hygiene : Regularly disposing of old computer files and exercising caution when posting on social media.