Fraud & Security

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

28 Mar 24 @ 18:21

Over 2,000 suspected copycat banking websites masquerading as real banks such as Barclays or HSBC were reported in 2023 as scammers try to part unsuspecting consumers from their money. The... read more

28 Mar 24 @ 14:39

Visa has announced the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across... read more

27 Mar 24 @ 19:34

KnowBe4, the provider of the world’s largest security and cybersecurity awareness training and simulated phishing platform, has released its 2024 Security Culture Report. The report examines how security measures really... read more

25 Mar 24 @ 17:18

Visa has released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top scams impacting consumers and businesses around the world. The report points to increasingly organized,... read more

12 Mar 24 @ 13:40

Analysis of the UK’s largest database of syndicated risk intelligence shows ID fraud is the top fraud type reported by banks and other financial service providers, accounting for 45% of... read more

05 Mar 24 @ 20:44

The volume, cost, and complexities of fraud are on the rise, and the increase in sophistication and frequency of fraud is accompanied by significant revenue threats that companies can no... read more

29 Feb 24 @ 17:00

Experian has released its 2024 Future of Fraud Forecast, which identifies five fraud threats consumers and businesses should be cautious of this year. Today’s fraudsters are sophisticated and will deploy... read more

23 Feb 24 @ 16:59

The rise of fraud in the United States continues apace, costing the US $159 billion in one year alone, according to new research. The 2023 State of Scams report by Feedzai in partnership... read more

16 Feb 24 @ 17:10

As we turn our attention to 2024, James Wood says the advent of generative AI is going to create major security headaches for payments companies – amid other problems. In... read more

15 Feb 24 @ 11:57

Just days after Revolut released research that indicated Meta platform were the leading platforms for the origination of scams, the fintech has release a new AI scam protection platform for... read more