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UK Finance: Fraud is Down But Over £1billion is Still Stolen by Criminals – What’s Next for the UK?

The Fintech Times

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. While this is a step in the right direction, is this enough? What has caused unauthorised fraud to drop?

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Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots

FICO

This is not only the case for application fraud — where automation is used to create and submit hundreds if not thousands of applications — but also for card fraud. This is not only the case for application fraud — where automation is used to create and submit hundreds if not thousands of applications — but also for card fraud.

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