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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.
One year on from enforcement – has PSD2 reduced fraud?
It’s been a year since every merchant across France, Germany, Italy and Spain — the EEA’s largest digital commerce markets — started complying with PSD2, but has enforcement reduced fraud... read more
The post One year on from enforcement – has PSD2 reduced 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.
62% of merchants are seeing new fraud types emerge
Merchants experienced more fraud in 2021 than 2020, with new types of fraud affecting 62% of merchants. Online payment fraud continues to be the biggest threat with 20% more businesses... read more
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Presence-assured face biometrics can stop the current fraud spiral. Here’s how
A crisis is emerging in e-commerce. From week to week, new studies are published showing fraud attempts in e-commerce – and successful frauds – are rocketing. Meanwhile, governments in the... read more
The post Presence-assured face biometrics can stop the current fraud spiral. Here’s how appeared first on Payments Cards & Mobile.
