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The Nexus
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authorized push payment (APP) fraud

Coverage of authorized push payment (APP) fraud in the Nexus archive.

Earliest in view: Jun 29 · 20:23 UTCMost recent: Jun 29 · 20:23 UTC
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  • SECURITYJun 29 · 20:23 UTCTHE CIPHER BRIEF
    When the Caller Knows Your Name: Cyber Fraud, Banks, and What America Can Do About It

    Cyber fraudsters use AI and stolen data to trick victims into authorizing fund transfers, with organized groups like nation-state actors and criminal gangs driving the rise in scams. The Federal Trade Commission reports Americans lost $16 billion to fraud in 2025, including $3.5 billion from imposter scams targeting bank customers.