EsqSocial

Banking fraud of all types is an ever increasing problem in today’s society, and takes a multitude of forms. On a basic level, frauds can be divided into two types. Unauthorised fraud, where the victim does not provide authorisation for the payment to proceed and the transaction is carried out by a fraudster who has gained access to the victim’s bank account by, say, using compromised personal details and passwords. And authorised fraud, most commonly known as authorised push payment (“APP”)...
By: Hogan Lovells