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 88

Rules Fraud Prevention Caps Deepfake 88

The Payments Association

APRIL 7, 2025

Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered. The survey also highlights the growing investment in technologies such as AI and machine learning for fraud prevention, as well as the importance of industry collaboration and regulatory updates.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Seon

SEPTEMBER 28, 2023

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.

Security 52

Security Phishing Best Practices Data Breach 52

The Payments Association

DECEMBER 10, 2024

With payment systems becoming more digital and interconnected, the risk of AI-driven fraud grows, urging payments firms to adopt cutting-edge solutions to protect themselves and their customers from these emerging threats. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88