Fintech Finance

NOVEMBER 13, 2024

Essentially, APP fraud is any type of fraud that uses an Authorised Push Payment – whenever a person is tricked into voluntarily sending a payment to another person. Criminals leverage the complexities and speed of cross-border payments to obscure transactions and evade detection, especially through UK-based accounts.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Law Enforcement Romance Scams 98

FICO

FEBRUARY 25, 2022

The global pandemic pushed more people into running their lives online, and this provided scammers with even more opportunities such as the CryptoRom scam and the so called WhatsApp ‘Hey Mum’ scam (dads may be scammed too!). Look Out for APP Fraud Signals – Develop the Rules.

Scams 52

Scams Payee Romance Scams Payments 52

Fintech Finance

APRIL 10, 2024

Deceptively simple, APP fraud involves a person being tricked into buying goods that don’t exist or sending a bank transfer to a fraudster posing as someone trustworthy. More complex and financially damaging types of APP fraud include romance scams. Both share a multitude of similarities with APP fraud.

AI 40

AI Romance Scams Fraud Prevention Scams 40