Crime Fraud Detection Romance Scams 
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
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
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.
Fintech News
FEBRUARY 21, 2024
The report by Chainalysis provides a deep dive into these changes, highlighting the decline in certain types of crypto crimes and the persistence, if not growth, of others, such as ransomware and darknet markets. However, the decrease in scamming and theft does not tell the whole story. billion (SG$ 32.51 billion (SG$20.06
FICO
FEBRUARY 19, 2020
For many consumers and businesses, the ability to quickly send money directly from their bank account is a win in terms of convenience, but it isn’t without risk, when it comes to fraud and other types of financial crime. How RealTime Payments Impact Financial Crime. Account Takeover Fraud.
FICO
SEPTEMBER 10, 2020
Federal Bureau of Investigation (FBI) issued a bulletin warning that this crime is on the rise, and published a Money Mule Awareness Guide to help the public fight money mules. During the FICO Virtual Event this past May, we predicated that money muling would be one of the top scams being perpetrated during the pandemic.
The Fintech Times
MAY 22, 2024
Ben Donaldson, managing director of economic crime at UK Finance Commenting on the report, Ben Donaldson , managing director of economic crime at UK Finance, said: “ Nearly £1.2billion was stolen from customers in 2023 and the criminals who commit these crimes destroy lives and damage our society.
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