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 ...

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 ...

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 ...

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 UK and India signed a Memorandum of Understanding to use Artificial Intelligence and telecoms collaboration to combat ...

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, ...

On 17 April 2024, the Payment Systems Regulator (PSR) published a consultation on the data and information that payment service providers (PSPs) will be required to ...

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 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 - ...

Nigerian real estate executive Edwin Omokhuale arrested in Dublin over alleged KSh 3bn fraud targeting an Australian mining company as UK extradition now begins.

UK, Hungary, Sweden and Denmark are only four countries to improve card fraud losses Portugal and Netherlands saw losses exceeding 15 percent Threat levels on cards increased 32 percent in UK LONDON-- ...