How can we tackle the man-in-the-middle-attack?
The Payment Systems Regulator (PSR) has announced an industry-wide action plan to tackle push payment scams from the man-in-the-middle-attacks.
Push payment scams are the second biggest cause of payment fraud in the UK, claiming £100m from 19,000 people between January and June this year alone. The consequences can be devastating for individuals and businesses alike. So far, financial organisations, including banks, PayPal, and WorldPay, have returned just £25m to victims of these scams. Read more