The UK’s fastest growing fraud trend is expected to double by 2026. Are you ready?
Authorised Push Payment fraud, or APP fraud, is a social engineering scam targeting users of real-time payment systems. The technique can vary, but the underlying process is the same – trick an individual or business into authorising a transfer of money to the scammer’s bank account, then disappear.
In light of the recent 39% rise in APP fraud and the decision by the PSR (Payments System Regulator) to make banks reimburse APP fraud victims, what can financial service providers do to protect themselves and their customers?
We’ve been working with leading banks and mobile network operators to create Protect: Scam Signals, this helps bolster risk signals via the mobile channel.
Scam Signals checks real-time data signals that correlate with scams, strengthening your company’s ability to identify a scam in action, saving time and money.
Download our documents for free . No registeration needed.
1 Book a free no-obligations call or meeting
2 Work with our team to empower your fraud strategy
3 Treat your customers to a safe and streamlined experience