The Payments Association

JANUARY 13, 2025

An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Over 340 million was lost to APP scams, affecting trust in payments and digital platforms. These scams lead victims to fake websites or organisations, further broadening the threat. Why is it important?

Scams 88

Scams Romance Scams Phishing Volume 88

The Payments Association

OCTOBER 28, 2024

Whether through fake profiles, phishing emails, or fraudulent advertisements, criminals are finding new ways to manipulate people into sharing their financial details or authorising payments. Internet banking fraud , once a dominant form of remote fraud, saw a dramatic 37% drop in cases and an 11% reduction in losses.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Fintech Times

FEBRUARY 17, 2025

Could handing more control to AI mean less human oversight in critical decisions, or even open the door to new risks in fraud detection and compliance? And we can’t ignore the darker aspects of AI, especially its role in sophisticated online scams, including romance scams and phishing. Happy reading!

FinTech 59

FinTech Romance Scams Scams AI 59

Seon

APRIL 18, 2024

APP fraud’s end goal is the transfer of money to an account controlled by a fraudster for something that never existed in the first place – be it goods, services or under the guise of “help.” Often, the fraudsters enter through impersonation, a romance scam or another type of social engineering fraud scam.

Authorization 52

Authorization Technology Fraud Prevention Real Time Payments 52