Fraud & Security

20 May 24 @ 16:54

The latest figures released by UK Finance highlight that fraud fell in the first six months of 2023 with a total of £580 million being stolen by criminals. This is... read more

17 May 24 @ 16:06

The current interest in generative artificial intelligence (AI) has caused some to conclude that we may see a new wave of AI-enabled fraud. However, the payments industry shouldn’t overestimate the... read more

14 May 24 @ 17:13

Verizon Business has released the findings of its 17th-annual Data Breach Investigations Report (DBIR), which analysed a record-high 30,458 security incidents and 10,626 confirmed breaches in 2023—a two-fold increase over... read more

13 May 24 @ 16:31

Just over three-quarters (76%) of banks surveyed believe fraud cases and scams have become more sophisticated, according to the new Mitek Systems Identity Intelligence Index 2024 conducted in January 2024.... read more

01 May 24 @ 16:16

Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in a new report, AI-focused fraud and financial crime, say criminals are more adept at using artificial... read more

30 Apr 24 @ 18:23

Here at Payments Cards & Mobile Towers, news reaches us on a weekly basis of the AI-led solutions banks and service companies are creating to fight fraud. To deliver ever-greater... read more

29 Apr 24 @ 12:22

Cash Matters reports[1] that Germans and Austrians are the most reluctant users of non-cash payments in Europe. Almost one in two (48%) citizens of both countries say they still prefer... read more

23 Apr 24 @ 15:19

Synthetic identity fraud is most commonly associated with fraud in banking or against credit unions but is often mistakenly overlooked in digital commerce. With fraudsters becoming more clever about how... read more

18 Apr 24 @ 15:29

Almost one in three (32%) online transactions in Germany fail due to consumer friction during check out. It’s time to rethink approaches to authentication. As the global economy digitizes and... read more

15 Apr 24 @ 12:30

Adyen has published new research revealing the billions the global retail sector lost to payments fraud and fraudulent activity. Working alongside the Centre for Economic Business and Research (Cebr), Adyen... read more

11 Apr 24 @ 15:32

Yesterday we reported on the efficacy of the UKs Confirmation of Payee (CoP) program reaching 2 billion check. Now EBA CLEARING has announced it will provide its CoP service at... read more

10 Apr 24 @ 15:57

Pay.UK, the operator of the UK’s national retail payments system, announced that Confirmation of Payee (CoP), has reached 2 billion checks. This is a significant milestone and the volume of... read more