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Scams: A Top Fraud Concern Scams are becoming a leading fraud concern, all around the world. billion in estimated authorized user/scam losses in the US in 2022, £485 million lost in the UK in 2022, 125 million scam victims in Brazil in 2021 (a shocking 59% of the population). Let’s dig in a little deeper.
Often, the ploy contains the threat that the account holder will be arrested if funds are not sent immediately. Authorized push payment scams manipulate the account holder into making the payment to an account controlled by fraudster—hence the term ‘’. Push Payment Fraud Is on the Rise.
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