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Purchase scams starting on Facebook and Instagram are expected to cost UK consumers more than £27m this year alone, according to an analysis by Lloyds Banking Group.
31 May 2023
Research into a dark web database of six million global card details showed only America and India had more payment data stolen than the UK.
25 May 2023
A coalition of banks, Big Tech firms, and telecomm's groups have banded together to interact with known scammers and gather intelligence in a bid to quell a growing fraud epidemic.
24 May 2023
Kuwait International Bank has become the first lender to commercially roll out a biometric payments card using technology from Norwegian outfit Zwipe.
The man behind an international one stop spoofing shop, which enabled criminals to appear as if they were calling from banks, tax offices and other official bodies, has been sentenced to 13 years in prison.
22 May 2023
In a bid to clamp down on authorised push payment scams, Australian banks have launched a digital platform for the reporting of fraudulent payments en route or transferred to another bank.
17 May 2023
Experian is launching a fintech-focused version of its fraud prevention data network, Hunter, in the US, with a host of top firms committing to join up.
11 May 2023
ABN Amro has co-led a €11.5 million seed round in fraud detection fintech ThreatFabric to exp[and its technical capabilities and support its growth.
The UK saw a slight dip in financial fraud losses in 2022, to £1.2 billion, driven by a 17% fall in authorised push payment (APP) losses.
A new phishing malware strain that mimics legitimate apps to steal user credentials and banking data has emerged in Eastern Asia.
09 May 2023
Currency exchange machines featuring facial recognition technology have been installed in a variety of airports and travel hubs across Europe in a bid to clamp down on money laundering.
05 May 2023
A customer of Santander Bank had £60,000 scammed from her account after transferrring funds to a criminal impersonating the bank's head of fraud, Chris Ainsley.
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