Scams Related Topics 
Finextra
AUGUST 5, 2024
Australia's Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.
Fintech News
OCTOBER 14, 2024
The Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) have issued a joint warning about a sharp increase in government impersonation scams. These scams involve fraudsters posing as bank officers, often from major banks like DBS, OCBC, UOB, or Standard Chartered, to deceive victims.
Finextra
SEPTEMBER 19, 2024
Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research from Starling Bank.
Payments Dive
DECEMBER 14, 2023
Such scams are expected to jump 50-plus percent to $3 billion by 2027, forcing financial institutions to address the rising threat, according to a new report.
Fintech Finance
SEPTEMBER 25, 2024
Today, the PSR has confirmed the maximum reimbursement limit for victims of Authorised Push Payment (APP) scams starting from 7 October. The PSR’s requirements will provide world-leading protections to people who fall victim to scams – with over 99% of APP claims covered by the reimbursement cap.
The Payments Association
OCTOBER 21, 2024
The UK’s increasing fraud and scam problem, focusing on new regulations mandating automatic reimbursement for APP fraud victims. The UK’s fraud and scams problem is not going away. That is why 7 October 2024 will be etched into the memories of many—a landmark moment for both organisations and people impacted by fraud and scams.
Finextra
OCTOBER 21, 2024
Bank of Ireland is warning businesses about a recent increase in ‘Live chat’ scams. Fraudsters are mainly targeting business banking customers with this scam, duping them into allowing remote access to their computers and bank accounts.
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