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APP fraud has steadily grown alongside the surge of real-time payments and the growing adoption of digital channels. The United Kingdom in particular has become a hotbed of APP fraud in recent years, with the COVID-19 pandemic amplifying the threat.
While digital fraud has accelerated, the pandemic has presented abundant opportunities for criminals to use both the rising dependency on digital services and widespread uncertainty to defraud people.
Fraudsters leverage a diverse toolkit and move quickly. With devastating results, they are manipulating businesses and individuals into sending money directly to accounts controlled by criminals.
Don’t let your customers become victims. Download this eBook to learn how to empower customers and build a solid defense against APP fraud.