Fraud Prevention Romance Scams Scams 
FICO
NOVEMBER 15, 2021
Their lives can be turned upside down and their finances ruined when they become victims of clever scam artists. We can all become victims of fraud. This is compounded by a feeling that scams happen to those who are vulnerable or in some way naïve or stupid. . The truth is that anyone can become a victim of a scam.
The Fintech Times
APRIL 11, 2024
Thirty-nine per cent of respondents said that in 2024, someone being tricked into buying goods that don’t exist or send a bank transfer to a fraudster impersonating someone else, otherwise known as APP fraud, would be the biggest cause for concern. More complex and financially damaging types of APP fraud include romance scams.
Fintech News
FEBRUARY 15, 2024
Value received by illicit crypto addresses dropped significantly in 2023, driven by a decline in crypto scamming and hacking revenue by 29.2% In particular, the report notes that scamming is most successful when markets are up, exuberance is high, and people feel like they are missing out on an opportunity to get rich quickly.
The Fintech Times
MAY 22, 2024
In its Annual Fraud Report 2024 , UK Finance detailed the amount its members reported as stolen through payment fraud and scams, with a primary focus on authorised push payment (APP) fraud and unauthorised fraud. The main driver behind this was purchase scams.
Neopay
MAY 28, 2024
UK Finance releases its 2024 annual fraud report, detailing the amount its members reported as stolen through payment fraud and scams in 2023. billion through unauthorised and authorised fraud in 2023, a four per cent decrease compared to 2022. Banks prevented a further £1.25 Criminals stole £1.17
Fintech Finance
APRIL 10, 2024
Deceptively simple, APP fraud involves a person being tricked into buying goods that don’t exist or sending a bank transfer to a fraudster posing as someone trustworthy. More complex and financially damaging types of APP fraud include romance scams. Both share a multitude of similarities with APP fraud.
FICO
APRIL 29, 2022
All these evolutions mean a changing landscape for retail fraud and scam trends. The New York Times recently ran a home page story on how criminals have concocted elaborate scams – complete with authentic ‘hold’ music – to impersonate bank customer service reps, tricking consumers into sending them money via Zelle.
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