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AU10TIX Q2 2024 report uncovers automated bot attacks on social media and financial sectors

News | Digital Identity, Security & Online Fraud | 13 Sep 2024

AU10TIX, a global technology identity verification and management provider, has today released its Q2 2024 Global Identity Fraud Report.  

report, identity theft, bot attacks, scam, online fraud

Lloyds Bank report reveals surge in ecommerce scams

News | Digital Identity, Security & Online Fraud | 09 Sep 2024

Lloyds Bank has released a report focusing on the rise of scams targeting customers on ecommerce platforms.

ecommerce, fraud prevention, scam, financial services

UK regulator proposes reducing bank payout cap for fraud victims

News | Digital Identity, Security & Online Fraud | 05 Sep 2024

British regulators have proposed banks and payment companies in the UK may only need to compensate fraud victims up to GBP 85,000 instead of the expected GBP 415,000 limit. 

APP fraud, fraud prevention, scam, payout, regulation

Australians lose USD 122 million to Crypto investment scams

News | Cryptocurrencies | 04 Sep 2024

Australians have lost USD 122 million to crypto-related investment scams over the past year, according to a statement released by the Australian Federal Police.

cryptocurrency, scam, research, fraud management

New UK APP fraud rules: what PSPs need to know

Voice of the Industry | Digital Identity, Security & Online Fraud | 29 Aug 2024

Gavin Punia and Nassos Kalliris from Bird & Bird outline the key requirements for UK PSPs under the new APP fraud reimbursement rules starting October 7, 2024.


APP fraud, regulation, payment fraud, scam, reimbursement, PSP

US SEC sues NovaTech over alleged USD 650 mln crypto fraud

News | Online & Mobile Banking | 13 Aug 2024

The US Securities and Exchange Commission has sued the cryptocurrency company NovaTech, saying they fraudulently raised over USD 650 million from investors.

regulation, cryptocurrency, fraud rings, scam, social engineering

PSR addresses APP scams in new report

News | Digital Identity, Security & Online Fraud | 02 Aug 2024

The Payment Systems Regulator (PSR) has published its latest report on the performance of payment firms in addressing Authorised Push Payment (APP) scams for the year 2023.

report, APP fraud, scam, payments , fraud management

Westpac teams up with Optus

News | Digital Identity, Security & Online Fraud | 31 Jul 2024

Australia-based bank Westpac, together with Optus, has announced the launch of a new in-app calling capability for its customers, aiming to prevent impersonation scams. 

partnership, scam, money scam, fraud management, fraud detection, fraud prevention, product launch

Xerberus launched tool to recover scammed crypto funds

News | Cryptocurrencies | 29 Jul 2024

UK-based crypto risk rating protocol Xerberus has launched ‘Siren’, a crypto scam recovery tool.

cryptocurrency, scam, fraud management, blockchain

Hong Kong Police arrest four individuals involved in a crypto fraud scheme

News | Cryptocurrencies | 29 Jul 2024

The Hong Kong Police has detained four individuals in connection with a scheme involving counterfeit banknotes used to defraud cryptocurrency investors.

cryptocurrency, digital assets, fraud prevention, scam

HSBC Australia blocks payments to crypto exchanges

News | Cryptocurrencies | 26 Jul 2024

HSBC's Australian branch has notified customers that it will block payments to cryptocurrency exchanges citing scam concerns.

cryptocurrency, scam, digital payments, fraud prevention

The APP fraud problem and its impact on the payments industry

Voice of the Industry | Digital Identity, Security & Online Fraud | 22 Jul 2024

Mark Beresford, Director at Edgar, Dunn & Company (EDC), tackles authorised push payment (APP) fraud and its effect on the payments industry.

APP fraud, online fraud, financial crime, paytech, fintech, regtech, PSD3, scam, social engineering, online platform, romance scam, ecommerce, marketplace, PSR, PSP, Confirmation of Payee, instant payments, IBAN, PSD2, identity verification, fraud prevention, A2A payments, regulation

New Featurespace research shows 30% of UK adults are victims of financial fraud

News | Digital Identity, Security & Online Fraud | 15 Jul 2024

New research from Featurespace has showed that 30% of adults in the UK have been a victim of financial fraud while 55% have seen an increase in scam attempts in the last 12 months. 

research, scam, online fraud, APP fraud

Singaporean banks to safeguard against phishing

News | Digital Identity, Security & Online Fraud | 15 Jul 2024

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that banks in the region plan to better protect customers against phishing. 

phishing, scam, online security, cybersecurity, financial services, digital banking

Banks in Singapore to drop OTPs in favour of digital tokens

News | Digital Identity, Security & Online Fraud | 10 Jul 2024

The Monetary Authority of Singapore and the Association of Banks in Singapore have announced that digital tokens are increasingly adopted in favour of One-Time Passwords.

scam, fraud prevention, phishing, security token, cybersecurity

Charlie unveils SpeedBump, an anti-financial fraud initiative

News | Digital Identity, Security & Online Fraud | 26 Jun 2024

Charlie, a fintech company focused on enhancing financial security for older Americans, has unveiled SpeedBump, a new initiative aimed at combating rampant financial fraud targeting this demographic.

financial crime, fraud prevention, fintech, research, scam

Sift's report shows concerning increase in AI-related fraud

News | Digital Identity, Security & Online Fraud | 26 Jun 2024

US-based fraud detection provider Sift has launched its Q2 2024 Digital Trust Index, which revealed that 76% of businesses currently face AI-enabled fraud consistently. 

report, scam, money scam, artificial intelligence, fraud management, online fraud, fraud detection

Westpac launches new security features to combat scammers

News | Digital Identity, Security & Online Fraud | 17 Jun 2024

Australia-based bank Westpac has introduced Westpac Verify and SaferPay to alert customers to potential scams, helping consumers and small businesses avoid losses.

fraud prevention, scam, cybersecurity, payments , bank account

Association of Banks in Cambodia warns about online loan service fraud on Facebook

News | Digital Identity, Security & Online Fraud | 10 Jun 2024

The Association of Banks in Cambodia has noted that a number of fraudulent websites have been misrepresented as legitimate banking or financial institutions. 

fraud management, online security, identity theft, fraud prevention, scam

Navigating the 2024 trends in payments and fraud – keynotes from MRC Barcelona 2024

Voice of the Industry | Online Payments | 28 May 2024

The biggest MRC event in Europe – MRC Barcelona 2024 – focused once more on gathering industry enthusiasts in payments and fraud prevention, as merchants are looking for additional ways to prevent fraud and lower their cart abandonment rates using high-end technologies.


fraud management, fraud detection, online fraud, identity fraud, online payments, account-to-account payment, PSD2, PSD3, scam, romantic scam, promo abuse, artificial intelligence, machine learning, bot attacks, carding, ecommerce, merchant, generative AI, online authentication, multi-factor authentication, biometric authentication, chargebacks, merchant fraud, digital onboarding, account takeover, refund, refund fraud