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. Smaller but equally damaging scams include romance scams, which target emotional vulnerability and trust.
The Payments Association
APRIL 22, 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. Smaller but equally damaging scams include romance scams, which target emotional vulnerability and trust.
The Payments Association
OCTOBER 28, 2024
While banks and payment providers are making strides in fraud detection and prevention, the report stresses the need for more robust collaboration with technology and telecom sectors. Internet banking fraud , once a dominant form of remote fraud, saw a dramatic 37% drop in cases and an 11% reduction in losses.
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 Finance
NOVEMBER 13, 2024
Essentially, APP fraud is any type of fraud that uses an Authorised Push Payment – whenever a person is tricked into voluntarily sending a payment to another person. It is estimated that criminals stole £580 million in the first half of 2023, a staggering figure that is likely to grow more each year.
Fintech News
FEBRUARY 21, 2024
Decline in Scamming and Hacking One of the most notable trends in 2023 was the significant reduction in the volume of crypto assets associated with illicit activities, which plummeted to US$24.2 However, the decrease in scamming and theft does not tell the whole story. billion (SG$ 32.51
FICO
MAY 9, 2023
Home Blog Feed test How Guided AI Helps FICO Detect 59% More Scams in the UK Guided AI is akin to the nervous system in the Corpus AI Thu, 05/04/2023 - 04:33 JenniferPiccinino@fico.com by Scott Zoldi Chief Analytics Officer expand_less Back to top Tue, 05/09/2023 - 20:25 The problems we use machine learning (ML) to solve are often multi-faceted.
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