Topic: faster payment system vulnerabilities

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  • UK Faces National Security Threat from Push Payment Fraud
    August 16, 2025
    78%

    UK Faces National Security Threat from Push Payment Fraud

    The UK faces a surge in authorized push payment (APP) fraud, exploiting payment system vulnerabilities, with smaller financial providers targeted for money laundering. APP fraud involves tricking victims into sending money to criminals via psychological manipulation, resulting in over £450 millio...

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Related Topics

national security risk (2) industry-wide cooperation (1) authorized push payment app fraud (1) faster payment system (1) money mule accounts (1) smaller payment service providers psps (1) social media platforms scams (1) financial crime controls (1)