LONDON--The 2025 European Fraud Map from global analytics software leader FICO (NYSE: FICO) shows that the UK financial services sector is making good strides in preventing fraud, as card fraud losses ...

UK consumers experienced higher volumes of fraud and more losses in the first half of the year, compared to the same time period in 2024, according to the latest figures from the banking industry. UK ...

In its July 2024 policy statement on compliance and monitoring under the Faster Payments APP fraud mandatory reimbursement requirement, the PSR introduced some leeway on timing for PSPs to comply with ...

Internet and e-commerce fraud in the UK rose by 179% during the period from 2010 to 2020, according to an analysis by Uswitch.com. In 2020 alone £376.5m was lost to internet and e-commerce fraud in ...

A year and a half after the Economic Crime (Transparency and Enforcement) Act 2022 received Royal Assent, the Economic Crime and Corporate Transparency Act 2023 (Act) came into law on 26 October 2023.

Food fraud is costing the UK economy up to £2 billion every year, according to the first study to calculate its full economic impact. The research, from the University of Portsmouth, estimates that ...

The convergence of instant payment infrastructure and generative Artificial Intelligence (AI) has created new operational ...

Cryptocurrency fraud in the U.K. rose by 32% to 226 million pound ($273 million) in one year, according to data from the U.K. police unit Action Fraud, the Financial Times reported on Monday. The U.K.

The delay will give PSPs more time to contact the customer or relevant third parties, such as law enforcement, HM Treasury said in a Tuesday (March 12) policy note. This will amend the current rules, ...

A new study finds that £95 ($105) is lost to fraud every second in the UK. This is according to analysis by fraud prevention specialist Outseer of all the reported incidents of fraud to Action Fraud - ...

X pursues legal action against Bitcoin influencers in UK over alleged £207K creator revenue fraud involving coordinated engagement manipulation.

As AI learns to fake not just faces and voices but also normal human behavior itself, issuers need more than stronger defenses against digital fraud. They need platforms built to verify trust, even as ...