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Study Shows Alarming Rise in Smartphone Identity Theft Among UK Consumers

The Fintech Times

. “Criminals are returning to old-school shoulder surfing tactics – that made ATMs a nightmare – to access the phones they then steal to commit secondary crimes. The study reveals that one in five respondents experienced compromised personal bank accounts through unauthorised access via mobile banking apps.

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PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims

The Fintech Times

“These types of fraud have a profound impact on victims, not only in terms of monetary loss but also in the emotional and psychological toll they exact. “Notably, while other types of APP scams are declining, romance scams are on the rise, indicating a pressing need for increased efforts to combat these crimes.

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