UK Government to legislate for mandatory reimbursement of APP fraud
The UK's banks will be required to publish data on their performance in relation to APP scams, on reimbursement levels for victims, and which banks and building societies’ accounts are being used to receive the fraudulent funds, under new rules proposed by the payment systems watchdog.
Authorized Push Payment APP Fraud
Description of “Authorized Push Payment APP Fraud” – a form of fraud in which victims are manipulated into making real-time payments to fraudsters, typically by social engineering attacks involving impersonation.
7 POPULAR SCAMS TO BE AWARE OF IN THE UK + 16 TIPS TO HELP YOU ESCAPE THESE UK SCAMMERS.
I thought I was smart but I recently got scammed. So apparently the Uk is the world’s FRAUD CAPITAL. I’m not surprised. Watch this video for the 7 common scams in the uk that people fall for all the time and a few lessons on how you can prevent yourself from being scammed in the uk.
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Santander impersonation text message scam exposed – Which?
Watch our exclusive video to find out how the latest bank scam unfolds and how to avoid it
Fraudsters are posing as Santander in a series of dodgy text messages to trick people into giving away personal details.
Impersonation scams are on the rise, according to the industry trade association UK Finance there were more than 30,000 cases in the first half of 2021 with losses totaling £129.4m. With this type of fraud, the scammer pretends to be from a trusted organisation.
Here we explain how this particular Santander impersonation scam works and explain how to report phoney text messages and websites.
Read more: https://www.which.co.uk/news/article/santander-scam-text-message-copycat-website-akzka4T8V2Ib
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Why are bank frauds rising in the UK
*Bank fraud in the UK has risen to such an alarming level that it’s come to national attention. Hey and thanks for tuning in, Holly Shields here for Kalkine Media.
*PSR revealed that between July and September this year, they received over 4400 complaints about scams and fraud, which upheld more than 60% in the consumers’ favour.
*According to the Financial Ombudsman service, one-third of the authorised scam complaints that it has received are about customers ordering online who have not received the goods and services.
*Recently, the PSR announced that the UK Treasury will introduce new laws to provide the mandatory reimbursement for scam victims, as currently victims receive reimburse if banks decide to do so.
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