Rising: Authorized push payment (APP) fraud is one of the fastest growing scams

Santander: Banks must collect more customer data to help them avoid scams

Santander said banks need to do more to protect their customers from authorized push payment (APP) fraud, including collecting more data from customers about who they pay money to. The pandemic has heralded a boom in APP fraud, where scammers trick their victims into voluntarily making large bank transfers to them – for example by …

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