The Payments Association

JANUARY 13, 2025

Moreover, payments operators and financial institutions must place fraud management and financial inclusion at the forefront when designing payment services, preserving the value of their offerings to safeguard customers, restore confidence and foster innovation in digital payments. million in losses. of total losses.

Scams 88

Scams Romance Scams Phishing Volume 88

The Payments Association

OCTOBER 28, 2024

It highlights the rising trends in fraud and stresses the need for payment leaders to implement stronger prevention strategies and collaborations. Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. What’s next?

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Fintech News

FEBRUARY 15, 2024

These data, released preliminarily in anticipation of the upcoming Chainalysis 2024 Crypto Crime Report, reveal that 2023 was a year of recovery for the cryptocurrency industry as the sector rebounded from the scandals, business collapses and price declines that took place in 2022. The crypto is up 9% from the start of 2024.

Ransomware 119

Ransomware Crime Transactions Romance Scams 119

FICO

NOVEMBER 15, 2021

Despite numerous studies and newspaper headlines informing us about the scams that fraudsters perpetrate, most of us don’t think we can easily be tricked into handing over money to criminals. We asked them about the kind of financial crime that was worrying to them. FICO recently carried out a survey of 12,000 people in 12 countries.

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Scams Romance Scams Crime Fraud Prevention 105

PYMNTS

AUGUST 26, 2019

history and said in a statement that “fraud networks now target individuals and businesses alike … In the BEC scams, the fraudsters will often hack a company’s email system, impersonate company personnel, and direct payments to bank accounts that funnel money back to the fraudsters in Nigeria.” billion stolen by victims.

Business Email Compromise 58

Business Email Compromise Romance Scams Scams Identity Theft 58

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.

Scams 59

Scams Finance Push-to-Card Romance Scams 59

Neopay

MAY 28, 2024

Ben Donaldson, Managing Director of Economic Crime at UK Finance, said: “ Nearly £1.2 billion was stolen from customers in 2023 and the criminals who commit these crimes destroy lives and damage our society. There was a seven per cent increase in the amount of unauthorised fraud prevented, to £1.25

Push-to-Card 52

Push-to-Card Scams Romance Scams Crime 52