FICO Survey: Brits Call for Stronger Protection as One in Four Report Scam Losses
Fair Isaac Corporation (FICO)
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Source: Business Wire
As real-time payments surge in the UK, FICO research reveals that 26% of consumers have reported losses to their bank LONDON--(BUSINESS WIRE)--(International Fraud Awareness Week) — A new study of 12,000 consumers across 14 countries by global analytics software leader FICO has underscored the need for banks to strike a better balance between customer satisfaction and fraud mitigation as real-time payments (RTP) surge in popularity. In the survey, 26% percent of UK consumers said that they have reported actual or suspected scam losses to their bank.More information: https://www.fico.com/en/latest-thinking/ebook/2024-scams-impact-survey-ukAbout three-quarters of consumers in the UK say they have sent (79%) and received (73%) RTP and more than a quarter (28%) plan to increase their RTP usage in the next 12 months. However, RTP-related scams, such as Authorised Push Payment (APP) fraud, are following in the shadows. In addition to the quarter of Brits who say they have reported losses
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FICO
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- 11/6/24 - Beat
FICO
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- FICO's page on the SEC website