How can you protect against APP fraud when your customers are your greatest vulnerability?
Detect and prevent scams to protect customers and reduce losses, while maintaining a seamless customer journey.
Advanced risk scoring of outbound & inbound* payments
Ability to profile fraud risk
Risk-appropriate actionable insights
Early fraud detection & prevention measures
Market leading repository of digital identity intelligence
“Any organisation in any industry should have LexisNexis® Risk Solutions on their shortlist when searching for fraud reduction technologies.”
John Tolbert, KuppingerCole Analysts, Fraud Reduction Intelligence Platforms report (FRIP).
* Inbound payment assessment coming soon and scheduled for Q4 2024 release. Dates subject to change.
See how we can help your organisation to prevent scams while providing a seamless customer experience
Book a free, no-obligation consultation to find out more.
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Types of Authorised Push Payment Fraud we can help with:
Impersonation Fraud
When a criminal pretends to work for a trusted organisation such as a bank or the police. Fraud losses exceeded £43.5 million across almost 5,979 cases.
Romance Scams
When a criminal adopts a fake online persona and grooms a victim via romantic pretences with the aim of encouraging them to transfer large sums of money over. Romance scam losses rose to over £18.5 million in the first half of 2023, with a 29 percent increase in cases.
Investment Scams
When a criminal convinces a victim to invest in a “highly lucrative” financial opportunity that is either completely fictitious or vastly exaggerated. Investment scam losses exceeded £57.2 million, across 5,112 cases in the first half of 2023.
Purchase Scams
When a criminal tricks someone into paying for goods and services that don’t exist. Purchase scam losses rose to £40.9 million in the first half of 2023. The total number of cases was 76,946.
CEO Fraud
Where a scammer impersonates a CEO or other executive-level employee in the victim’s organisation, using emails or phone calls to request the victim actions an urgent financial payment or transfer. CEO Fraud losses rose to over £6.9 million in the first half of 2023.
