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Starling Bank introduces tool to combat bank impersonation scams

News | Digital Identity, Security & Online Fraud | 04 Nov 2024

UK-based Starling Bank has launched a new tool aimed at helping customers detect and guard against bank impersonation scams.

fraud prevention, banking, financial services, scam

Why scams still work: the evolution of fraud tactics in the digital age

Voice of the Industry | Digital Identity, Security & Online Fraud | 25 Oct 2024

Tracy Kobeda Brown, VP of Programmes and Technology, and Leslie Green, Content Marketing Manager at Merchant Risk Council, explain the evolution of fraud tactics in the digital age and why scams still work. 

fraud prevention, ecommerce, merchants, scam, payments , first-party misuse, account takeover, refund fraud, artificial intelligence, biometric authentication, machine learning, online security, fraud management, online fraud, digitalisation

Next-Gen Tech to Detect Fraud and Financial Crime Report 2024

Report | Digital Identity, Security & Online Fraud | 22 Oct 2024

The Next-Gen Technologies to Detect Fraud and Financial Crime Report 2024 highlights how banks, fintechs, and PSPs leverage AI and emerging tech to detect and combat advanced fraud.


report, generative AI, GenAI, artificial intelligence, machine learning, data, fraud management, fraud detection, risk management, banks, fintech, instant payments, real-time payments, APP fraud, scam, social engineering, anti-fraud initiatives, AML, identity verification, identity theft, digital identity

Over 100 customers contact BBC over Revolut scams

News | Digital Identity, Security & Online Fraud | 21 Oct 2024

UK-based digital bank Revolut has been under scrutiny after more than 100 customers contacted BBC in regards to being mistreated after being scammed. 

scam, money scam, fraud management, fraud detection, credit card fraud

UK Finance reports GBP 571.7 mln lost to fraud in first half of 2024

News | Digital Identity, Security & Online Fraud | 18 Oct 2024

UK Finance has released its Half Year Fraud Report for 2024, outlining trends in payment fraud and scams reported by its members during the first half of the year.

payments , fraud management, scam, APP fraud, financial services

Revolut, Chase, Modulr join 159 anti-scam service

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

Revolut, together with Chase and Modulr, has agreed to sign up for the 159 short-code phone service that allows individuals in the UK to directly call their bank when worried about potential scams. 

fraud detection, fraud prevention, scam, money scam, digital banking

Revolut calls on Meta to share fraud reimbursement responsibility

News | Digital Identity, Security & Online Fraud | 04 Oct 2024

UK-based fintech Revolut has urged Meta to share responsibility for reimbursing users who fall victim to fraudulent activities.

fintech, fraud prevention, scam, customer experience

The Paypers launches the Fraud Prevention in Ecommerce Report 2024-2025

News | Digital Identity, Security & Online Fraud | 25 Sep 2024

The Paypers has launched the sixth edition of the Fraud Prevention in Ecommerce Report, with a thorough overview of the hottest trends in the global fraud ecosystem.

report, fraud management, fraud detection, digital identity, KYC, KYB, online fraud, fraud prevention, online payments, ecommerce, payments , identity fraud, two-factor authentication, multi-factor authentication, CNP fraud, account takeover, promo abuse, refund fraud, merchants, generative AI, GenAI, first-party misuse, friendly fraud, biometrics, machine learning, scam, phishing, SCA, regulation, bot attacks

Fraud Prevention in Ecommerce Report 2024-2025

Report | Digital Identity, Security & Online Fraud | 01 Oct 2024

The 6th edition of the Fraud Prevention in Ecommerce Report provides a thorough overview of the global fraud ecosystem.

report, fraud prevention, fraud management, chargebacks, online fraud, merchant fraud, CNP fraud, account takeover, promo abuse, refund fraud, biometrics, digital identity, identity verification, merchants, ecommerce, generative AI, GenAI, machine learning, scam, phishing, Fraud decisioning, first-party misuse, fraud detection, SCA, two-factor authentication, multi-factor authentication, friendly fraud, regulation, bot attacks, behavioural biometrics

US banks face gap in financial crime detection, study finds

News | Digital Identity, Security & Online Fraud | 25 Sep 2024

A recent report by RedCompass Labs has revealed that US banks believe they are significantly behind criminals when it comes to detecting financial crimes.

survey, research, financial crime, scam

Mastercard updates AI solution to fight real-time payment scams

News | Digital Identity, Security & Online Fraud | 24 Sep 2024

Mastercard has updated its Consumer Fraud Risk (CFR) solution to improve protection against real-time payment scams. 

artificial intelligence, fraud prevention, scam, product upgrade

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