#appfraud

OpusDatum

@opusdatum.bsky.social

2 weeks ago

The Price of Silence: What the Bank of Ireland CoP Penalty Exposes In October 2022, the Payment Systems Regulator (PSR) published Specific Direction 17 (SD17). Its purpose was straightforward: the UK’s largest payment service providers were to implement Confirmation ...

Bank of Ireland UK missed the deadline by 14 months. £6.9 billion in payments. 1.14 million new payees. No beneficiary name verification. The £3.78 million penalty is the headline. The real question is what else was lost.
#Payments #FATF #R16 #CoP #APPFraud #AML #WTR #PSR #WTRKnowledgeHub #OpusDatum

Nigel Morris-Cotterill

@morris-cotterill.bsky.social

4 months ago

Anti-Fraud is requires PREaction. YouTube video by FinCrimeTV

Fraud requires PREaction.
#fraud #appfraud #banking #cybercrime #scams

youtu.be/dxo4WIHD25Y

Cyberbook

@cyberbook.bsky.social

7 months ago

Day 35 | Forex Trading App Scam | 100 Days 100 Scams | #ForexScam #AppFraud #Cyberbook YouTube video by Cyberbook

📉 Day 35 — Forex Trading App Fraud

Too good to be true returns? They usually are.

Scammers are distributing fake forex apps and looting people in the name of trading.

🎥 Watch Day 35 and protect your savings.
youtube.com/shorts/Y2wpa...

#Day35 #ForexScam #AppFraud #Cyberbook #100Days100Scams

OpusDatum

@opusdatum.bsky.social

9 months ago

APP Fraud: Who Bears the Cost? Authorised Push Payment (APP) fraud continues to be one of the most financially and emotionally damaging crimes facing the UK public and businesses. Unlike unauthorised fraud where a criminal accesses...

Who really pays for APP fraud? With £485M lost in 2024, new UK rules promise faster victim reimbursement. Banks bear the full cost of this, whilst digital platforms enabling scams remain untouched.
#APPFraud #FinancialCrime #FraudPrevention #ConsumerProtection #Fintech #DigitalSafety #PolicyReform

LaneSystems

@lanesystems.bsky.social

11 months ago

Mastermind of 'one-stop shop' fraud website Zak Coyne jailed Zak Coyne, 24, designed a site for other criminals which scammed victims of a total of £100 million.

Mastermind of 'one-stop shop' fraud website with one million victims jailed
www.bbc.co.uk/news/article...

Ringleader of #LabHost #phishing website jailed for eight and a half years.
#CyberCrime #CyberFraud #APPfraud

Vixio

@vixioregulatory.bsky.social

1 year ago

⚠️ What different types of APP fraud are lurking out there?

👉 Want to know more? Download your copy of our APP Fraud Outlook report now: www.vixio.com/research/app...

#appfraud #fraudrisk #compliancesolutions #paymentscompliance #paymentfraud #digitalpayments #paymentscams #romancescams

TMT ID

@tmtid.bsky.social

1 year ago

Did you know 26% of consumers have faced APP fraud losses? It's time for banks to up their fraud prevention. With our Verify product, we're providing APP fraud insights that stop scammers before it's too late. #FraudPrevention #APPFraud