Authorised Push Payment (APP) fraud is on the rise, leading U.K. Finance to categorise this fraud typology as a “national security threat.” Sophisticated engineering scams and the velocity of attacks make it increasingly challenging for financial institutions to identify APP fraud and protect their customers.

In partnership with Raconteur, NICE Actimize examines the growing challenge of APP fraud and the ability to fight it in this comprehensive report that includes:

• The drivers behind the propagation of APP fraud in Europe
• An overview of attempted fraud across channels
• A deep-dive into shifting legislation to address APP fraud
• The impact on financial institutions and other payment providers
• An exploration of which fraud prevention approaches and solutions are failing to effectively safeguard emerging payment processing methods
• The new solutions and technologies that enable real-time fraud detection and prevention
• A NICE Actimize case study about a leading European retail and commercial financial institution’s success at reducing fraud loss

Authorised fraud momentum is only accelerating as cybercriminals quickly adapt their techniques according to changing consumer behaviours. Is your financial institution keeping up?

Download your copy of the report here.