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Find here all the latest articles, news, and research on Scam and other Scam-related topics:

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ASIC sues HSBC Australia for failing to prevent scams

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

The ASIC has initiated legal proceedings against HSBC Australia in the Federal Court, alleging systemic failures to protect customers from unauthorised transactions and scams.

scam, transactions , payments , banks, compliance

Instant payments and their impact on the fraud landscape in ecommerce

Voice of the Industry | Digital Identity, Security & Online Fraud | 17 Dec 2024

Steve Goddard, Fraud Subject Matter Expert at Featurespace, discusses the current state of instant payments and their impact on the fraud landscape in ecommerce.

 

online fraud, fraud prevention, Card-not-present fraud, CNP fraud, SoftPOS, online payments, identity fraud, 3-D Secure, exemption strategies, fraud detection, BNPL, chargebacks, merchant, scam, refund fraud, first-party misuse, phishing, GenAI, generative AI, artificial intelligence, deep fake, real-time payments, real time payments fraud series, PSD2, ecommerce

Meta rolls out ad rules to fight financial scams in Australia

News | Digital Identity, Security & Online Fraud | 11 Dec 2024

Meta Platforms, the owner of Facebook and Instagram, had announced new, stricter rules for financial products and services ads targeting Australians, according to the The Economic Times.

scam, fraud prevention

Real-time payments in the US: growth, opportunities, and challenges

Voice of the Industry | Digital Identity, Security & Online Fraud | 10 Dec 2024

David Mattei, Strategic Advisor at Datos Insights, explores US real-time payments: growth trends, opportunities, challenges, and how they’re shaping the future of payments.

real time payments fraud series, real-time payments, scam, fraud detection, risk management, biometrics

Empowering scam protection with cutting-edge device intelligence

Voice of the Industry | Digital Identity, Security & Online Fraud | 04 Dec 2024

Claire Deprez Pipon, Head of Product Management, Identity Trust & Authentication at Worldline, discusses how cutting-edge device intelligence can empower scam protection.

fraud prevention, ecommerce, artificial intelligence, merchants, online payments, fraud management, online fraud, merchant fraud, phishing, vishing, banks, scam, PSD3, PSP, APP fraud, identity theft, cybercrime, cybersecurity, fintech

Revolut faces fraud lawsuit in the UK after losing EUR 700,000 to scammers

News | Online & Mobile Banking | 03 Dec 2024

Fintech company Revolut has been under scrutiny in the UK, facing a fraud lawsuit after scammers stole EUR 700,000. 

regulation, scam, money transfer, money scam, fintech, online fraud

When speed becomes a risk – Introducing The Paypers' RTP Fraud Series

Voice of the Industry | Digital Identity, Security & Online Fraud | 20 Nov 2024

In today’s fast-paced world, customers and businesses demand payment transactions that are instant, seamless, cost-effective, and transparent.

fraud prevention, real time payments fraud series, real-time payments, online authentication, scam, APP fraud, instant payments

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