Remove Financial Crimes Remove Fraud Detection Remove Scams
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Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector

The Payments Association

Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Why is it important?

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Fraudsters Turn to WhatsApp: Revolut Reveals UK Consumers Lose £2,437 From WhatsApp Scams

The Fintech Times

WhatsApp prides itself on the security of its encrypted messages, however, according to new research from Revolut, the global fintech with 11 million UK customers and 50 million globally, UK consumers are losing an average of 2,437 from scams originating on the communications platform. Encryption does not equate to immunity from scams.

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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

This article breaks down the key findings from the Half Year Fraud Report 2024, providing payment leaders with insights into emerging threats and offering guidance on strengthening defences against this relentless challenge. Unauthorised fraud losses increased by 5% compared to the same period in 2023, with more than 1.5

Scams 88
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Unveiling digital fraud: A deep dive into scam trends and crime prevention in the UK payment sector

The Payments Association

Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Why is it important?

Scams 88
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Payments trends report 2024

The Payments Association

This report provides a comprehensive analysis of the key trends defining the payments sector in 2024, highlighting the opportunities for strategic growth, as well as the challenges posed by regulatory pressures, financial crime, and evolving infrastructure demands.

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Feedzai Launches ScamAlert, New GenAI Agent to Detect and Prevent Scams

Fintech Review

ScamAlert transforms customers into active defenders against increasingly sophisticated scams. This is particularly crucial because, in many scams, customers validate fraudulent transactionseffectively handing scammers the green light to continue their schemes.

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Fraud unveiled: Key takeaways from merchant roundtable discussion

The Payments Association

It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation. As fraud continues to grow in sophistication, merchants are increasingly at the forefront of the battle against financial crime.