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Andy Morris

Andy Morris

Sr. Application Engineer

Andy Morris

More articles by Andy Morris

  • A New Season of Fraud Statistics

    Thursday, April 03, 2014

    Well it must be nearly spring? The days are starting to get longer. The daffodils are starting to flower and the latest round of industry fraud stats from the Financial Fraud Action UK and other industry trade associations are out!!!

  • Quiz Time: What do EMV, Payments Fraud and the Top 40 Have in Common?

    Thursday, October 10, 2013

    Pause for thought…….quiz time. Can you remember who topped the UK charts on the 14th February 2006? Now, can you also remember what was the main business driver behind the UK’s move to the EMV standard of “chip and pin,” which also coincidentally was the same official launch date (14th February 2006)?

  • Shock and Awe: NFA Fraud indicator puts fraud at £73bn

    Wednesday, April 04, 2012

    For those for you that have been tracking, the NFA’s last estimate was £38.4bn, but the rise is really buried in the detail and largely attributed to the NFA casting their net on UK PLC a little wider and completing more granular analysis.

  • Is the War on Fraud Being Won?

    Wednesday, March 07, 2012

    Two sets of industry statistics were published this week, with different and conflicting information:

    BBC  quoted statistics from the UK Card Association that plastic fraud losses were down by 7% to £341m, attributed to 41% fall in fraudsters impersonating card holders. Whilst CIFAS reported increase in Account takeover up 18%, account misuse (first party fraud 13%) and identity theft 10%.

  • Fraud around every corner?

    Friday, January 27, 2012

    The latest round of industry statistics paints a bleak picture of UK fraud. CIFAS’s latest report identified a 9% growth in fraud, whilst also highlighting an 18% growth in account takeover related fraud, and 13% for misuse of facility fraud (first party fraud).

  • Card fraud increases 60 per cent in 18 months

    Thursday, March 10, 2011

    ACI’s 2010 Global Card Fraud Survey has been making a splash in the media over the last few weeks. According to our research, approaching a third (29 per cent) of consumers across eight major economies have been victims of card fraud in the past five years. This is up from less than a fifth (18 per cent) in summer 2009.

  • Direct Debit Fraud at an All Time High

    Tuesday, November 23, 2010

    It is worthwhile remembering that there is actually more than one victim involved in Direct Debit fraud. The Paying Bank executes the payment against a fraudulent direct debit mandate, and the Collecting Bank receives the fraudulent payment, whose customer provides goods and services – for simplicity let's assume they are in fact legitimate in the first place.