In 2022, the UK's total financial loss to fraud exceeded £1.2 billion, with more than 2.9 million reported cases. Maybe you're among the statistics. Anyone who's responded to a phone call, SMS or social-media post and was then tricked into transferring money to criminals is a victim of Authorised Push Payment fraud, currently the most prolific form of financial crime affecting UK consumers and businesses.
We're going behind the scenes, speaking to financial regulators, industry groups and crime experts to learn why this type of fraud has become so prevalent and what happens once the crime is reported. You'll hear from the police about the challenges of investigating the crime and learn the uncomfortable truth about who is picking up the compensation bill. We'll also look to the future, hearing from banks and the communications industry about innovations designed to prevent more of us from becoming victims.
Pushy payments
UK Finance is the trade body representing banks and hundreds of other businesses within the finance sector. Its latest figures reveal that 40% of all UK fraud committed in 2022 was via a mechanism known as Authorised Push Payment (APP). A spokesperson for UK Finance told PC Pro how APP fraud differs from unauthorised fraud. "Unauthorised is where the customer hasn't authorised payment, so if your bank card was taken out of your pocket and the contactless function was used, that's considered unauthorised. Authorised is where [the victim] has authorised the payment and it usually involves being tricked."
Denne historien er fra September 2023-utgaven av PC Pro.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 2023-utgaven av PC Pro.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Lenovo ThinkPad E16 Gen 1 (AMD)
By no means the last word in excitement, but the ThinkPad E16 is a good-value choice for business users
Huawei MateBook D16
The best and biggest screen here, plus a powerful Core i9 processor, ensure the MateBook D16 stands out
Acer Aspire Go 14
It's tough to argue with this laptop's value for money or battery life, but speed lovers should look elsewhere
HP Spectre x360 16 (2024)
This sleek 2kg convertible packs everything you need, including a Core Ultra chip and optional Nvidia graphics
Five ways to get cloud computing wrong
Don't let your migration projects go up in smoke. Steve Cassidy runs through the blunders to avoid
Control your computer with your face and head -it's the future!
As if to show nothing is new in the world of technology, eye tracking and gesture control date back decades. But if Apple's on board, maybe their time has finally come, suggests Nicole Kobie
Chip off the old block
Standalone sales of the Z80 CPU have finally been discontinued after 48 years. David Crookes looks back on a chip with a staggering impact
Cloud backup 2024
Whether it's through attack or error, your business data is always at risk. Dave Mitchell explains how cloud services can add extra protection and puts four contenders to the test
Elegoo Saturn 4 Ultra
A brilliant advert for resinbased 3D printing, with a host of features that make it easy to obtain great results
HP All-in-One 27 cr-0014na PC
A speedy and temptingly priced all-in-one PC with a fine 27in display-but note its 1080p resolution
