Introduction Digital payment fraud is rising rapidly, especially authorized push payment (APP) fraud, where scammers deceive individuals and businesses into transferring money to fraudulent accounts. The European Payments Council (EPC) reports significant growth in these scams (EPC – 2024 Payment Threats and Fraud Trends Report). In the UK, APP fraud…
The financial sector has long been a key area of focus for regulators around the world, with operational resilience being a top concern. Recently, the European Union (EU) introduced the Digital Operational Resilience Act (DORA) to establish a comprehensive regulatory framework for the operational resilience of the EU’s financial sector.…
