Quishing: The New Threat Lurking in QR Codes
Many of us are familiar with ‘Phishing’, but have you heard of ‘Quishing’? Quishing is a type of fraud where criminals use QR codes to lead victims to malicious
Understanding the Bust-Out Scheme
A bust-out scheme is like a con artist’s playbook for credit cards. The scam begins when a fraudster gets their hands on a fake identity and applies for a
Peak Periods of Fraud: Understanding Seasonal Trends
Identifying Seasonal Trends Seasonal trends in fraud follow predictable patterns that can significantly impact consumers and merchants. It is crucial to understand these trends to anticipate when fraud is
Ghost Broking – The Hidden Risk in Insurance Fraud
What is Ghost Broking? Ghost Broking is a relatively new term, referring to the sale of fraudulent insurance policies, particularly within the car insurance industry. Unsuspecting consumers are scammed
Chargebacks & Buy Now, Pay Later: What You Need to Know
Buy Now, Pay Later Explained When purchasing a product or service, customers are often provided with several different payment options. Buy Now, Pay Later (BNPL) is an option that
Subscriptions, Free Trials & the Underlying Risk of Chargebacks
What is the Subscription Business Model? The subscription business model, put simply, is a recurring revenue model. An arrangement between a business and a customer is made, whereby automatic
Improving Security for Dispute Resolution Platforms with OTPs
Protecting sensitive data from fraudsters is essential for the payment industry, and the One-Time Password (OTP) is a fantastic tool to help with this. Major card firms, including Mastercard,
Airline Failures: A Banking Perspective
Airline failures can cause significant distress for consumers and pose challenges for the banking sector, particularly in managing chargebacks. Such failures often result from declining revenues and rising costs.
What is the Financial Ombudsman Service (FOS)?
The FOS: What is it? The Financial Ombudsman Service (FOS) is a free, independent service that helps settle disputes and complaints between consumers and financial service businesses in the
The Rise of Fake Olympic Ticket Fraud
As the excitement builds for the Paris 2024 Olympic and Paralympic Games, the risk of falling victim to fake ticketing websites is at an all-time high. A cybersecurity company,