Two-thirds of authorised push payment scams begin on tech platforms, according to annual report from UK Finance.
The U.K.’s Dedicated Card and Payment Crime Unit, a specialized police unit funded by the banking and finance industry, dismantled 13 organized crime groups in the first half of this year, or more ...
A man uses a laptop at a coffee shop in downtown Hanoi. - AFP A man uses a laptop at a coffee shop in downtown Hanoi. - AFP How widespread is online fraud? According to UK reported crime data, almost ...
Criminals stole more than £629m through payment fraud and scams in the first half of 2025, according to new data from UK Finance, marking a 3% rise compared with the same period last year. The trade ...
Financial losses from people being tricked into transferring money to a fraudster increased by 12% annually in the first half of this year, with investment scams playing a key role in the rise, ...
UK Finance, a trade association for the UK banking and financial services sector, joined forces with Which?, a consumer advocacy group, to issue a compelling call to action in a letter addressed to ...
In its July 2024 policy statement on compliance and monitoring under the Faster Payments APP fraud mandatory reimbursement requirement, the PSR introduced some leeway on timing for PSPs to comply with ...
The U.S. ranks as the country most affected by online fraud, with a fraud risk score of 64.2. However, France is also heavily impacted and the country experiences one of the highest financial losses ...
In 2025, online fraud continued to proliferate, driven by identity fraud, advances in artificial intelligence (AI), and ...
Kinil Doshi is a Senior VP at Citibank and a fintech expert in banking compliance and risk management with two decades of experience. In this article, I want to explore AI applications in fraud ...
Global e-commerce sales are predicted to exceed $6.4 trillion in 2025. And a large share of these will come via marketplaces. But while they ostensibly offer convenience and safety for consumers and ...
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