Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. That’s according to new findings from UK Finance, which also concluded...
Much has been said about the potential new technologies like artificial intelligence (AI) and machine learning have in transforming fraud detection and fraud prevention across...
The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up...
Cryptocurrency fraud rose by 32% in the U.K. over the last year, part of a larger fraud “epidemic” that began during the pandemic as people...
UK Finance, a trade body representing the United Kingdom’s banking and financial services sector, recently published the latest edition of its annual report assessing the...
In today’s EMEA news, UK Finance released its latest fraud report and highlighted the rise of authorized push payment fraud, London-based buy now, pay later...
The U.K. is experiencing a widespread “epidemic” of payments fraud, in which scammers trick victims into sending money into fraudsters’ accounts, the Financial Times reported...
Contactless payments accounted for more than half of all U.K. card transactions in September, according to a new report from the trade association UK Finance....