Mobile wallets now being used by majority of UK adults
Data published by UK Finance indicates how payment habits in the UK continue to evolve and how they are expected to change in the next decade. Key findings from the Payment Markets Report for 2024 show: The total number of payments made in the UK last year was 48.6 billion payments, up by 1.5 per […]
Deepfakes leading GenAI cyber attack vectors
Twenty-nine percent of cybersecurity leaders said their organisations experienced an attack on enterprise GenAI application infrastructure in the last 12 months. That’s according to a survey by Gartner conducted from March-May 2025 among 302 cybersecurity leaders in North America, EMEA and Asia/Pacific. The survey found that 62% of organisations experienced a deepfake attack involving social engineering or […]
CHARGEBACKS MONTH: Combatting the rising cost of ‘friendly fraud’
Retailers have mostly battled chargebacks as a by-product of card payments. Traditionally, disputes stemmed from stolen cards or unauthorised transactions. But the landscape is shifting. A growing proportion of chargebacks now come from so-called ‘friendly fraud’, where legitimate customers dispute valid purchases, either by mistake or deliberately. This trend is proving costly for merchants, driving […]
Fraud Prevention Summit: Limited delegate places available for next month’s event
We want to invite our readers to an exclusive, complimentary networking event designed to connect top-tier suppliers with fraud prevention professionals actively seeking new solutions. Fraud Prevention SummitMonday 10th November 2025Hilton Canary Wharf, London This is more than just another industry event. It’s a focused, one-day experience where you’ll have the chance to: Meet with […]
AI MONTH: How machine learning is stopping fraud at the digital checkout
Fraud at the digital checkout has long been one of the most persistent challenges for retailers attending the Fraud Prevention Summit. Traditional defences, mostly rules-based systems and manual reviews, often lag behind fast-evolving fraud tactics, resulting in rising chargebacks and frustrated customers. However, artificial intelligence (AI) and machine learning (ML) are transforming the battlefield by […]
Navigate the New Era of AI-Powered Fraud
Generative AI (GenAI) is no longer just fueling innovation—it’s being weaponized by fraudsters. With scams now faster, more scalable, and harder to detect, both businesses and consumers are feeling the impact. Sift’s Q2 2025 Digital Trust Index reveals how AI is reshaping fraud and digital trust. Scam content blocked by Sift rose 50% year-over-year, and […]
FCA looks to set standards for crypto firms
The Financial Conduct Authority (FCA) is seeking feedback on proposals to set minimum standards for crypto firms in their dealings with UK consumers. The proposals mirror many requirements which already apply to traditional financial firms, such as on operational resilience and systems and controls to fight crime. The FCA has stated that its proposed rules […]
October 2025 is Chargebacks Month on Fraud Prevention Briefing – Here’s how to get involved!
Each month on Fraud Prevention Briefing we’re shining the spotlight on a different part of the market – and in October we’ll be focusing on Chargebacks. It’s all part of our ‘Recommended’ editorial feature, designed to help industry buyers find the best products and services available today. So, if you specialise in Chargeback solutions and would like to […]
AI MONTH: From Rules to Risk Scores – How AI-driven anti-fraud platforms differ from traditional systems
Historically, retailers attending the Fraud Prevention Summit have relied on rules-based fraud detection systems to protect against chargebacks, account takeovers, and payment fraud. These systems typically flag transactions based on pre-set criteria, such as purchase value, IP mismatch, or card verification failures. While effective at blocking obvious threats, they often create as many problems as […]
AI MONTH: Synthetic Identities, Deepfakes and AI Fraudsters – How retailers can stay one step ahead
Retailers have long faced fraud in many forms, from stolen credit cards to friendly fraud chargebacks. But a new breed of threat is emerging: AI-powered fraudsters. Criminals are harnessing the same machine learning and generative AI tools that businesses use to innovate, creating synthetic identities, manipulating documents, and even deploying deepfakes to bypass authentication systems. […]