The Payments Association

JUNE 11, 2025

How digital commerce platforms manage escalating fraud risks while scaling operations. Rising fraud, complex regulations, and evolving threats are straining platforms’ ability to grow securely. A shift toward AI-driven, integrated fraud management systems aligned with tightening UK regulations. Why is it important?

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 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

The Fintech Times

FEBRUARY 14, 2025

Dan Yerushalmi , CEO of AU10TIX “FaaS has elevated cybercrime, enabling a whole cohort of the population to join in on global fraud by launching large-scale attacks involving up to over 8,000 incidents,” explained Dan Yerushalmi , CEO of AU10TIX.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

The Payments Association

JANUARY 13, 2025

Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. Other platforms also affected: Search engines and email services are commonly used for phishing schemes and fraudulent advertisements. of total losses.

Scams 88

Scams Romance Scams Phishing Volume 88

Neopay

JUNE 20, 2025

APP fraud losses fell by 2% in 2024 but still amounted to £450.7 APP fraud happens when a victim is manipulated into authorising a payment to a fraudster, often through impersonation or phishing. Investment fraud represented the highest proportion of APP fraud losses, with £144.4 million with 186,000 cases.

Continuity 52

Continuity Security Fraud Prevention Law Enforcement 52

Neopay

JANUARY 22, 2025

Impersonation fraud: Voice cloning technology allows scammers to convincingly impersonate family members, colleagues, or business executives. Phishing attacks: AI-generated content enables fraudsters to create highly personalised and convincing phishing emails that bypass traditional detection methods.

AI 59

AI Deepfake Phishing Audit 59

Fintech Finance

MARCH 5, 2025

This partnership combines Enigma’s advanced AI capabilities with HPS’s comprehensive payment platform, offering clients unprecedented security and efficiency in navigating the complexities of modern payment systems. Together with HPS, were setting a new benchmark for fraud prevention and compliance.

Fraud Detection 52

Fraud Detection AI Fraud Prevention Identity Theft 52

Finextra

JULY 14, 2025

About half of all federal checks by volume are for IRS tax refunds, with the rest primarily used for federal benefit payments such as Social Security and income support programs. Banks will also bear greater responsibility for detecting and stopping fraud in real time, which could strain existing fraud prevention and monitoring systems.

ACH 52

ACH Checks Tax Refunds Risk 52

Fintech Finance

JULY 7, 2025

trillion global real estate market by focussing on lowering fraud and increasing efficiency. Redpin Payments gives Spanish real estate professionals complete control over all transactions through one online dashboard while protecting client funds with bank-level security. The platform helps international buyers in the $3.5

Multi-Currency 52

Multi-Currency Identity Theft Cross-Border Payments 52

The Fintech Times

DECEMBER 19, 2024

Remote work has weakened traditional security, requiring secure systems and innovative solutions like decentralised finance and blockchain for transparent vendor transactions. “With increasingly sophisticated fraud tactics on the uptick, organisations must prepare for stricter AI and compliance rules.

Automation 59

Automation AI Fraud Prevention Deepfake 59

The Fintech Times

MARCH 14, 2025

With tools like deepfake identity generators, fake KYC documents, and automated phishing scams, cybercriminals are launching sophisticated attacks at scale. Fraud prevention is an arms race, he said. If we dont use AI to fight fraud, were already losing. Of course, the event wasnt perfect.

FinTech 59

FinTech Consumer Financial Protection Bureau (CFPB) Fraud Detection AI 59

Finovate

MARCH 26, 2025

Heightened emphasis on payment security and fraud prevention The Fact Sheet detailing the EO specifically cites security and fraud prevention as major reasons for modernizing US payments.

Fraud Prevention 83

Fraud Prevention Law Enforcement Verification Payments 83

PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. The scheme originated from a number of phishing emails that targeted a handful of employees. Fighting the Phishers.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

Seon

MARCH 20, 2024

However, this expansion brings a corresponding need to evolve fraud prevention strategies to keep pace with advancing threats. Digital footprint monitoring plays a crucial role in identifying and mitigating such schemes, enabling a proactive approach to fraud prevention. With over 1.4 billion unbanked adults – and 7.1

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

PYMNTS

JULY 25, 2019

billion people send around 269 billion emails every single day – this type of online communication is vulnerable to phishing attacks. Recent research indicates 30 percent of targeted attempts are made via phishing emails, and that 15 percent of victims are repeat targets. Humans as Weak Links. Removing Humans from the Equation.

Phishing 69

Phishing Fraud Detection Automation Ransomware 69

PYMNTS

JANUARY 23, 2020

Many of these data breaches are the result of phishing, which dupes victims into giving up login credentials or other sensitive information that is either used for account takeovers or sold on dark-web marketplaces. Developments From Around The World Of Digital Fraud. is facing fraud problems as well. percent in 2019 to $3.92

Phishing 64

Phishing Data Breach Breach Scams 64

Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

APACS 117

APACS Data Breach FinTech Fraud Prevention 117

PYMNTS

MAY 22, 2020

“What we’re seeing is an ugly underbelly of people who take things like the coronavirus, which is having an enormous impact on the world, and saying, ‘Hey, what a great time to try to scam people,’” Debbie Gould, chief security officer at PNC Financial Services , noted in a recent interview with PYMNTS.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

DECEMBER 17, 2020

One report found that there was a 54 percent increase in gift card and loyalty fraud in May compared to the previous month, making promotion fraud prevention a top priority for merchants. Developments From The World Of Digital Fraud. For more on these and other digital fraud news items, download this month’s Tracker.

Fraud Prevention 102

Fraud Prevention Account Takeovers Phishing Push-to-Card 102

PYMNTS

MAY 5, 2020

“Credit unions across the country are on high alert for scammers looking to take advantage of members during the pandemic and are stepping up fraud prevention efforts as a result,” according to PYMNTS’ April Credit Union Tracker® done in collaboration with PSCU. ” Phishing, Smishing and the Value of Education .

Credit Union 95

Credit Union Smishing Phishing Credit Union Service Organization 95

PYMNTS

JULY 9, 2020

Fraudsters have only upped their efforts during the pandemic, with phishing attacks alone increasing 667 percent between late February and late March. The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs. Around The FI Fraud Decisioning World. Get the scoop in the Playbook.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

Seon

MAY 23, 2024

across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. Another way that this outdated security standard has become obsolete is through the proliferation of data breaches.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Fintech News

JUNE 6, 2024

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. DBS isn’t the only bank making news for phishing scams. US$129,841).

Scams 109

Scams Phishing Deepfake Verification 109

Fi911

JULY 8, 2024

The rise of online shopping has made eCommerce fraud an increasingly prevalent and sophisticated threat, necessitating advanced security measures to protect both merchants and customers. What, exactly, are we talking about when we talk about “eCommerce fraud?” How Big of a Problem is eCommerce Fraud?

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

PYMNTS

APRIL 21, 2020

Cybersecurity experts are scrambling to fight the sheer number of different digital fraud forms that are on the rise, and the ongoing COVID-19 pandemic has only exacerbated this problem. This means that fraud prevention measures will need to be as seamless as possible to protect users without burdening them with extra security steps.

AI 84

AI Fraud Prevention Cybersecurity Phishing 84

PYMNTS

JANUARY 13, 2021

The prevalence of online commerce opens new doors for digital fraud, however, both from career fraudsters and opportunistic customers. Phishing scams were on the rise all year, while a survey of online shoppers found that 40.3 Developments F rom The World Of Digital Fraud. A survey found that 92 percent of U.S.

Fraud Prevention 75

Fraud Prevention Posting Multifactor Authentication Scams 75

PYMNTS

MARCH 18, 2020

Fraudsters request that these documents be emailed to an official-sounding address, enabling them to harvest a trove of valuable data including Social Security numbers and addresses. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

The Fintech Times

DECEMBER 18, 2023

Rise in social engineering Doriel Abrahams, head of risk, Forter Doriel Abrahams , head of risk at payment optimisation and fraud prevention platform Forter, also expects social engineering will “take a giant leap forward” in 2024. Take company-wide training to identify phishing attacks for example.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems.

MFA 96

MFA Risk Security API 96

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. By analysing transaction history and behaviour, AI enhances fraud prevention measures. Securing Digital Identities Digital identity verification is a cornerstone of fintech services.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

PYMNTS

JULY 7, 2020

authorization framework, to help tech partners and merchants securely connect their accounts across multiple software vendors without sharing their passwords. They’ve got to be protected and make sure their consumers’ data is protected against phishing attacks, card testing and the like,” said Park.

Contactless Payments 113

Contactless Payments Fraud Prevention Phishing On-Demand 113

PYMNTS

JULY 15, 2020

Among the schemes du jour during the pandemic: phishing attacks , of course. Bayliss noted that well-organized, coordinated phishing attacks could be bewildering to consumers as fraudsters look to gather data and take over accounts — targeting passwords, for instance. Merchants need to understand who’s shopping online,” said Bayliss.

Phishing 100

Phishing Fraud Prevention Transactions Volume 100

PYMNTS

APRIL 9, 2020

Building a secure customer journey is always a bit of a balancing act. It has to be secure first and foremost, particularly when payments data is on the line. If you look at the customer journey from end to end, the fraud starts not just around payments.

Account Takeovers 94

Account Takeovers Fraud Prevention Push-to-Card Accounts 94

PYMNTS

MARCH 20, 2020

In the March Merchant Fraud Decisioning Playbook , PYMNTS examines how AI and ML are enabling merchants to gather information from various data sources, transforming those details into actionable insights and bypassing the manual reviews that can leave them unable to keep up with fraudsters’ ever-evolving efforts.

Fraud Prevention 90

Fraud Prevention Account Takeovers Phishing AI 90

PYMNTS

SEPTEMBER 18, 2020

While some banks enable voice technology to make payments, check account balances and make transfers, the technology raises concerns regarding security, data privacy and dispute resolution. It was developed by the Cybersecurity Response Project Team.

NACHA 88

NACHA Cybersecurity Scams Payments 88

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

The Payments Association

OCTOBER 14, 2024

The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. It affects how victims of fraud are compensated and how payment service providers (PSPs) approach fraud prevention. Regular reviews and updates of these measures are expected to adapt to evolving fraud tactics​.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88