Remove Deepfake Remove MFA Remove Service Provider
article thumbnail

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

The Payments Association

APP fraud: A growing crisis APP fraud is increasingly prevalent because scammers exploit trust between victims and entities posing as legitimate service providers, making them difficult to detect. According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year.

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. Future security measures, such as generative AI and deepfake detection – particularly given that biometric authentication will become increasingly challenged by AI-focused fraudsters in the years to come.