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Fraudsters Try New Spins On The BEC Scam

PYMNTS

Separate analysis from Singapore warned that monetary losses associated with BEC scams that specifically instruct targeted employees to send gift card redemption details are on the rise, too. BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well.

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

The Fintech Times

These findings come from the latest performance report by the Payment Systems Regulator (PSR), tracking the performance of payment firms in tackling APP scams and reimbursing victims in 2023. billion transactions were made using the Faster Payments system. In 2023 alone, 4.5

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