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Disappointingly, judging from the recent latest round of fraud statistics,[1] it looks like the UK is back on the naughty step in terms of countries with the highest fraud losses. New figures released...
Pause for thought…….quiz time. Can you remember who topped the UK charts on the 14th February 2006? Now, can you also remember what was the main business driver behind the UK’s move to the EMV standar...
Mobile bared the brunt of some bad press this week. Firstly, the story that NFC could be compromised through a new app, secondly the charger that could penetrate the iOS operating system and thirdly t...
For those for you that have been tracking the NFA’s last estimate was £38.4bn, but the rise is really buried in the detail and largely attributed to the NFA casting their net on UK PLC a little wider ...
Two sets of industry statistics were published this week, with different and conflicting information: BBC quoted statistics from the UK Card Association that plastic fraud losses were down by 7% to £3...
The latest round of industry statistics paints a bleak picture of UK fraud. CIFAS’s latest report identified a 9% growth in fraud, whilst also highlighting an 18% growth in account takeover related fr...
It is worthwhile remembering that there is actually more than one victim involved in Direct Debit fraud. The Paying Bank executes the payment against a fraudulent direct debit mandate, and the Collect...
First party fraud continues to be a challenge facing institutions and is, arguably, a necessary evil of doing business for institutions today. However, this also can prove problematic when also trying...
In today’s financial climate in which banks’ credibility has already taken a hit, any further reputational damage needs to be avoided at all costs. While financial institutions have come a long way in...