Tag: Fraud

While the banking and finance industry prevented more than £1.8bn in fraud during 2019 in the UK, the amount lost through authorised push payments (APP) scams increased to £465m.

Signifyd is updating its offering with a new solution aimed at protecting e-commerce companies from fraud.

The global operator spend on AI services is expected to grow by 430% over the next four years because of fraud mitigation and network optimisation efforts, according to a new study from Juniper Research.

Wells Fargo & Co has reportedly agreed to pay $3bn as a settlement after a criminal and civil investigation into fraudulent sales practices.

A man operating out of a California and Tennessee-based company has been accused of wire fraud, fraud and misappropriation.

With valentine’s day just around the corner, people are no doubt going to be using dating and romance apps; however, consumers are warned to be on the lookout for scammers. In Australia, one fifth off all losses involved scams from these services, according to a report from ScamWatch 2019.

Forter, a fraud prevention company, has released its Loyalty Program Protection service which will help companies cope with rising levels of fraud.

Over three quarters (77%) of chief security officers (CS0s) in the financial sector are worried about the use of deepfake video, audio and images.

Banks are refusing to cover losses in fraud cases if they can prove they show fraud warnings at the point of purchase, according to a study from Which? Money.

It will be impossible to completely stop scams from happening. While technology and better alertness will help to lower the number of successful incidents, some will inevitably slip through under the radar.