fraud
Top StoriesBritain’s lloyds racks up $350 million of likely scam COVID loans
TechnologyOrchestrating identity verification: Assimilating identity data to stop fraud
BankingQ&A: How can banks protect their customers from fraud over voice?
BusinessHow can small businesses avoid customer and fraudulent chargebacks
Cross-sector action needed to tackle APP fraud epidemic
Date: August 11, 2022
UK Finances’ 2021 fraud report revealed a staggering increase in online payment fraud. To tackle this fraud epidemic, we need to focus more on digital identity, argues Martin Wilson, CEO of OneID®. According to the 2021 Fraud Report from UK Finance, APP fraud accounted for £583.2m of stolen funds, close to 50% of the £1.3 billion of losses...
Using Real-Time behavioral intelligence to prevent synthetic identity fraud
Date: July 26, 2022
Sponsored Feature Presented by Deduce Stopping “Frankenstein” identities before they can even get started By Ari Jacoby, Founder, CEO of Deduce Synthetic identity fraud is one of the most dangerous threats facing financial and payment providers today. Aite-Novarica Group recently conducted a study in which top fraud executives named this kind of activity one of...
The human cost: Why the financial sector is still rife with social engineering fraud
Date: July 15, 2022
By Iain Swaine, Head of Cyber Strategy EMEA, BioCatch Every year, there is a greater likelihood of becoming a victim of cybercrime. In the first half of 2021 in the UK, criminals stole a total of £753.9 million through fraud, an increase of over a quarter (30 per cent) compared to the first half 2020....
Frozen or terminated bank accounts: What can you do?
Date: July 7, 2022
By Janine, Partner specialising in complex litigation and in particular financial markets disputes, commercial litigation and arbitration and property finance and development/construction disputes Jean-Martin is an Associate in Collyer Bristow’s Commercial disputes team. As the digital economy continues to expand and ongoing developments in fin-tech send money flying around the world with unprecedent speed and...
Streamlining the path to SCA compliance
Date: July 1, 2022
By George Ralchev, Head of Risk at emerchantpay Payments technology is evolving fast. With contactless payments, digital solutions and alternative payment methods growing in popularity among consumers, the types and quantity of data merchants receive is rising. This influx of data is both a help and a hindrance. On the positive side, these extra insights...
Identity is key in the fight against social media scams
Date: June 14, 2022
Scams on social media platforms like Instagram are soaring. While legislation and awareness campaigns are helpful, a proper process for verifying identities is what’s really needed, argues Martin Wilson, CEO of Digital Identity Net. UK high street lender Lloyds Bank has been forced to issue a series of warnings to clients about potential social media scams after...