Overseas Fraud, UK Bank Accounts, HMRC, and International Remittance Troubles: How to Identify Overseas Financial Scams Based on Actual Consultation Cases

My UK bank account has been frozen.You cannot move funds in your bank account unless you pay taxes to HMRC (HM Revenue and Customs).A problem has occurred overseas, and I need you to send money ...
Digital Journal

Banking IT fraud in the UK caused £417 million in losses in the past year

There are concerns about the banking sector, and the impact of that turmoil on the global economy – Copyright AFP/File Richard A. Brooks AI-driven banking scams ...
The Paypers

emerchantpay research finds UK friendly fraud cost GBP 3.5 bln in refunds over 12 months

UK consumers received GBP 3.5 billion through friendly fraud in 12 months, with 6.5 million claimants and repeat behaviour a ...

Shadow bank boss accused of £1.3bn fraud blames Barclays for collapse

The boss of a collapsed shadow bank has blamed Barclays for the lender’s failure as he fights a £1.3bn fraud claim.
Biometric Update

Elevated fraud risk brings friction back into fashion for European bank customers

European consumers are increasingly willing to accept more verification friction when stronger checks are clearly tied to fraud prevention and security.
Fox Business on MSN

Banks warn AI shopping agents could increase risk of scams, fraud and data privacy breaches

A coalition of global banks says agentic AI tools that make purchases on behalf of consumers could expose card details and weaken payment security.
The Manila Times

Banks Think They're Ready for Tomorrow's Fraud. Feedzai's Survey Suggests Otherwise

Feedzai's new Fraud Readiness Index finds financial institutions are spending heavily on AI, but disconnected data and manual work are holding fraud teams back.