Fraud in the Covid Age - Authorised Push Payment Fraud

In my previous blog (click here), I spoke about how Card Fraud had reduced globally, but that there was significant fraud in other channels. According to UK Finance, in the UK Authorised Payment frau...

Fraud in the Covid Age

Since the beginning of March 2020, when the world moved to multiple lockdowns and restricted activity as a result of the ongoing pandemic, it’s been clear that there has been a real shift in how we tr...

Covid 19 and the effects on Fraud Prevention - Part 3 - Social Engineering

In my previous blog (click here) I detailed how the Fraud threat landscape for cards has changed significantly, with a reduction in card fraud in some of the major markets as consumers are spending l...

Financial Risk Management

Covid 19 and the effects on Fraud Prevention - Part 2 - Payments Fraud

As I outlined in my previous blog (click here to view), we have seen a rapid movement to card channel payments as cash usage has declined during the pandemic. In the UK, as early as April this year c...

Financial Risk Management

Covid 19 and the effects on Fraud Prevention - Part 1

2020 has been a challenging for many reasons – the global situation has changed the face many industries – perhaps forever. For many years, the payments industry has spoken about the replacement of ca...

Financial Transformation

Tipping point - when simplicity is not enough in a fraud system

For at least the last three decades, fraud monitoring of transactions and portfolios has been a cornerstone of protecting the brand, be it for scheme, bank or consumer reputation. There have been a nu...

Financial Risk Management

Card Fraud in Europe - it's still increasing

In September last year – the ECB produced its first report on Card Fraud since 2015. It is unusual to see a public report that covers all of Europe and there are some interesting viewpoints to be take...

Financial Risk Management

Once more unto the breach

Once again data breaches have made headlines globally, bringing significant negative publicity, impacting consumers who have had their data compromised and prompting the public to question just how sa...

Old Fraud, New Techniques - Skimming has never gone away

Earlier this year, the European ATM Security Team (EAST) reported on a criminal gang that had been apprehended, who were known to use "Ghost Terminals"; a standard point of Sale (POS) termin...

The Challenge of Customer Screening

Financial institutions are required by law to know their customers (KYC), and refuse services to any party involved in financing terrorism or money laundering. Unfortunately regulations are open to in...

The Threat from Within - Internal Fraud

There have been a number of news reports this month in the UK around incidents of internal fraud within banks and other corporations. Coincidently, a number of research establishments and industry bod...