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Growth in APP fraud expected to double by 2026
APP fraud (Authorised Push Payment) losses are on the rise and expected to climb to $5.25 billion across the US, UK and India by 2026 — a record CAGR of 21%... read more
The post Growth in APP fraud expected to double by 2026 appeared first on Payments Cards & Mobile.
UK Finance fraud report: Criminal gangs steal £1.3 billion
UK Finance has released its latest fraud report covering 2021. The report shows the scale of fraud taking place as well as how criminals took advantage of people’s doubts and... read more
The post UK Finance fraud report: Criminal gangs steal £1.3 billion appeared first on Payments Cards & Mobile.
The rising issue surrounding mobile app fraud
The world is going mobile. And so too is Fraud. Global smartphone ownership rose sharply from 49% in 2016 to 83% in 2022, equating to 6.64 billion people owning a... read more
The post The rising issue surrounding mobile app fraud appeared first on Payments Cards & Mobile.
Fraud across social media sites hits record highs
Unauthorised financial fraud losses across payment cards, remote banking and cheques totalled £783.8 million in 2020 according to a report by UK Finance, the industry body. In addition, UK Finance... read more
The post Fraud across social media sites hits record highs appeared first on Payments Cards & Mobile.
APP fraud hit £355.3 million – overtakes card fraud for the first time
Which? A consumer rights and protection website has analysed new data and says that every hour, APP fraud (Authorised push payment fraud) victims lose more money than the average UK... read more
The post APP fraud hit £355.3 million – overtakes card fraud for the first time appeared first on Payments Cards & Mobile.
