Law Enforcement Romance Scams Scams 
The Fintech Times
AUGUST 31, 2024
Research from Chainalysis , the blockchain data company, has revealed worrying signs about the growth of crypto scams in China. Previously, the highest number of scams in new wallets was 29.9 Interestingly, while crypto scams might be on the rise, their lifetime has actually decreased. per cent in 2022.
Fintech Finance
NOVEMBER 13, 2024
Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement and the general public – and new developments in cross-border payments may be making it easier.
The Payments Association
OCTOBER 28, 2024
From shifts in unauthorised card fraud to the evolving nature of authorised push payment scams, there’s a lot to unpack—and a lot at stake. One of the most alarming trends identified in the report is the continued rise in social engineering scams, which now account for a significant portion of fraud activity. million cases recorded.
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 These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.
PYMNTS
JUNE 10, 2019
Business enterprise compromise (BEC) scams are crossing borders, where fraudsters in Africa are targeting U.S. The scam involves communications from fraudsters impersonating company officials, suppliers or vendors, instructing unwitting victims to wire funds to accounts they have set up. companies and government agencies.
FICO
FEBRUARY 19, 2020
The ability to move money through multiple accounts quickly, makes it difficult for law enforcement to track criminal proceeds. The transaction itself is not fraudulent, but the scam that caused the person to make the payment is the fraud. In both cases the bank account details on the invoice belong to the fraudster.
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. Purchase scams Although less money was stolen, the total number of APP cases was up 12 per cent to 232,429.
Expert insights. Personalized for you.
59 
Let's personalize your content