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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

Using real-time, two-way customer communication capabilities in the channel of customer choice (whether text, email, phone, or in-app messages), FIs can confirm whether a specific transaction was initiated by the consumer or whether it was a fraudster. Banks should deploy fraud checks prior to authorizing any purchase or payment transaction.

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Despite Knowing Risks, Brits Continue to Expose Themselves to Cybercriminals Finds IDnow

The Fintech Times

With 54 per cent of Brits unfamiliar with social engineering, encompassing deceptive tactics such as phishing or smishing, the majority of the population remains vulnerable to potential fraud attempts. An additional 37 per cent of Brits are most concerned about fraud via social media channels.