fraud
FinanceAccounts payable fraud: Do you know who’s accessing your finances?
BankingStay out of the headlines: Reduce payment fraud
FinanceCoordinated lines of defence key to combatting payment fraud, says new Deutsche bank paper
TechnologyConsumer overconfidence on APP fraud can be as dangerous as the scams themselves
Evolving customer onboarding in insurance through email intelligence
Date: April 25, 2022
By James Burton, senior director, product management, Insurance, U.K. and Ireland, LexisNexis Risk Solutions, Insurance The use of stolen or fake identities to procure insurance – either to sell fake motor insurance policies as a ghost broker or to pursue staged claims has heightened because of the pandemic. In June 2021, Aviva confirmed that the...
Four in 10 UK consumers say targeted by online fraud
Date: April 19, 2022
19 April 2022: According to TransUnion’s 2022 Global Digital Fraud Trends Report, 42% of UK consumers say they have been targeted by online fraud in the past three months[i]. Among those targeted, the five most common scams faced were phishing (46%), third-party seller scams on legitimate online retail websites (25%), stolen credit card or fraudulent charges (23%),...
Only a third of UK consumers trust buy now pay later services to protect their data, with half stating they would only use the service if it was provided by their banks
Date: April 8, 2022
New research from digital identity firm Callsign highlights how one in eight Brits have experienced fraud with Buy Now Pay Later services London, United Kingdom — April 06, 2022 — Callsign, the digital trust pioneer, reveals today that only a third of UK consumers trust Buy Now Pay Later (BNPL) services to protect their data....
Five ways your business is being defrauded and how AP automation can help you stop it
Date: April 7, 2022
By Daniel Ball, SVP of Innovation at Medius Occupational fraud is nothing new. Yet, it has increased in the last two years on an unprecedented scale as a direct result of Covid-19. The Association of Certified Fraud Examiners (ACFE) reported to the Nation on Occupational Fraud and Abuse that 41.8% of fraud takes place in...
Why fast-growing financial organisations must be data-focused in the fight against fraud
Date: April 7, 2022
Boris Huard, EMEA MD for Identity & Fraud at GBG, the digital identity experts Fraud is a huge problem with fraud soaring to its highest ever recorded levels, and the pandemic further exacerbating the onslaught due to greater online dependency. Scams, phishing, account takeover, third-party identity theft, and other types of cyber schemes accounted for the highest...
APP fraud costing banks and their customers dearly
Date: March 30, 2022
By Martin Wilson, CEO of Digital Identity Net The alarming growth in authorised push payment (APP) fraud could cost the UK economy more than £1 billion this year. Martin Wilson, CEO of Digital identity Net, writes that a digital utility that verifies the identity of both counterparties prior to a payment could be the answer....