Latest news with #Yaspa
The Irish Sun
2 days ago
- The Irish Sun
Map reveals the UK's top scam hotspots – is your area being targeted by fraudsters?
Check out our interactive map to find out if your area is on the list CON CAPITAL Map reveals the UK's top scam hotspots – is your area being targeted by fraudsters? The UK's scam hotspots have been revealed, as a whopping four in 10 Brits admit they have never recovered money stolen by fraudsters. AI scams (including deepfake videos) and fake concert tickets were voted as some of the most common ways people experienced fraud, in a new survey by Yaspa. 1 AI and concert ticket scams are among the most popular ways fraudsters steal cash As AI technology continues to improve, there has been an increase in scammers posing as celebs, and fleecing well-meaning Brits out of cash. Back in June, the Home Office revealed that a whopping £1.6million was lost by Brits getting scammed out of concert tickets in 2024. Thousands of Oasis fans reported a surge in scams, after the legendary band announced their long awaited reunion tour last year. Online shopping and Facebook marketplace scams were also cited as some of the most prevalent incidences of fraud. Read more on scams EASY PREY Urgent Brit travel warning over 'Goodnight Cinderella' scam as tourist drugged The survey reveals that London is top of the list of fraud hotspots, with a whopping 41% of residents surveyed reporting being victims of scams in the last 12 months. Second on the list is Manchester, where 40% revealed they had been targeted by scammers. Nottingham takes the 3rd spot, with 39% of respondents reporting being victims of scams. Rounding off the top five, 38% of people in both Cardiff and Bristol reported incidents with fraudsters. The survey also revealed that, shockingly, only 19% of victims were able to fully recover 100% of what was lost to scams. The average amount that Brits reported losing was a whopping £765, with the average amount returned at just 34%. WhatsApp bans MILLIONS of users in major crackdown amid safety alert Although AI is making it easier than ever for scammers to exploit people, 75% of Brits believe they are "confident" enough to spot fraud in action. Sarah Ahle, Head of Compliance & Deputy MLRO at Yaspa said: "Worrying about money and financial stress can be all-consuming, even at the best of times, but if you've ever been a victim of fraud or have lost money that you need to get through the month to crime, this feeling can be overwhelming. 'Being able to spot the red flags of a typical scam or being aware of more secure payment methods over others can be vital and easy to learn steps in stopping criminals from getting their hands on your money.' Top 10 scam hotspots Percentage of people who claimed to have been victim on a scam in the last 12 months 1. London 41% 40% 3. Nottingham 39% 4. Cardiff 38% 30% 37% 7. Bristol 34% 8. Liverpool 35% 9. Leeds 30% 10. Belfast 29% Source: Yaspa How to spot scammers Consumer rights expert Martyn James revealed to Yaspa his top tips for protecting yourself against scams.
Scottish Sun
2 days ago
- Business
- Scottish Sun
Map reveals the UK's top scam hotspots – is your area being targeted by fraudsters?
Check out our interactive map to find out if your area is on the list CON CAPITAL Map reveals the UK's top scam hotspots – is your area being targeted by fraudsters? Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) The UK's scam hotspots have been revealed, as a whopping four in 10 Brits admit they have never recovered money stolen by fraudsters. AI scams (including deepfake videos) and fake concert tickets were voted as some of the most common ways people experienced fraud, in a new survey by Yaspa. Sign up for Scottish Sun newsletter Sign up 1 AI and concert ticket scams are among the most popular ways fraudsters steal cash As AI technology continues to improve, there has been an increase in scammers posing as celebs, and fleecing well-meaning Brits out of cash. Back in June, the Home Office revealed that a whopping £1.6million was lost by Brits getting scammed out of concert tickets in 2024. Thousands of Oasis fans reported a surge in scams, after the legendary band announced their long awaited reunion tour last year. Online shopping and Facebook marketplace scams were also cited as some of the most prevalent incidences of fraud. The survey reveals that London is top of the list of fraud hotspots, with a whopping 41% of residents surveyed reporting being victims of scams in the last 12 months. Second on the list is Manchester, where 40% revealed they had been targeted by scammers. Nottingham takes the 3rd spot, with 39% of respondents reporting being victims of scams. Rounding off the top five, 38% of people in both Cardiff and Bristol reported incidents with fraudsters. The survey also revealed that, shockingly, only 19% of victims were able to fully recover 100% of what was lost to scams. The average amount that Brits reported losing was a whopping £765, with the average amount returned at just 34%. WhatsApp bans MILLIONS of users in major crackdown amid safety alert Although AI is making it easier than ever for scammers to exploit people, 75% of Brits believe they are "confident" enough to spot fraud in action. Sarah Ahle, Head of Compliance & Deputy MLRO at Yaspa said: "Worrying about money and financial stress can be all-consuming, even at the best of times, but if you've ever been a victim of fraud or have lost money that you need to get through the month to crime, this feeling can be overwhelming. 'Being able to spot the red flags of a typical scam or being aware of more secure payment methods over others can be vital and easy to learn steps in stopping criminals from getting their hands on your money.' Top 10 scam hotspots Percentage of people who claimed to have been victim on a scam in the last 12 months 1. London 41% 40% 3. Nottingham 39% 4. Cardiff 38% 30% 37% 7. Bristol 34% 8. Liverpool 35% 9. Leeds 30% 10. Belfast 29% Source: Yaspa How to spot scammers Consumer rights expert Martyn James revealed to Yaspa his top tips for protecting yourself against scams.
The Sun
2 days ago
- The Sun
Map reveals the UK's top scam hotspots – is your area being targeted by fraudsters?
The UK's scam hotspots have been revealed, as a whopping four in 10 Brits admit they have never recovered money stolen by fraudsters. AI scams (including deepfake videos) and fake concert tickets were voted as some of the most common ways people experienced fraud, in a new survey by Yaspa. 1 As AI technology continues to improve, there has been an increase in scammers posing as celebs, and fleecing well-meaning Brits out of cash. Back in June, the Home Office revealed that a whopping £1.6million was lost by Brits getting scammed out of concert tickets in 2024. Thousands of Oasis fans reported a surge in scams, after the legendary band announced their long awaited reunion tour last year. Online shopping and Facebook marketplace scams were also cited as some of the most prevalent incidences of fraud. The survey reveals that London is top of the list of fraud hotspots, with a whopping 41% of residents surveyed reporting being victims of scams in the last 12 months. Second on the list is Manchester, where 40% revealed they had been targeted by scammers. Nottingham takes the 3rd spot, with 39% of respondents reporting being victims of scams. Rounding off the top five, 38% of people in both Cardiff and Bristol reported incidents with fraudsters. The survey also revealed that, shockingly, only 19% of victims were able to fully recover 100% of what was lost to scams. The average amount that Brits reported losing was a whopping £765, with the average amount returned at just 34%. Although AI is making it easier than ever for scammers to exploit people, 75% of Brits believe they are "confident" enough to spot fraud in action. Sarah Ahle, Head of Compliance & Deputy MLRO at Yaspa said: "Worrying about money and financial stress can be all-consuming, even at the best of times, but if you've ever been a victim of fraud or have lost money that you need to get through the month to crime, this feeling can be overwhelming. 'Being able to spot the red flags of a typical scam or being aware of more secure payment methods over others can be vital and easy to learn steps in stopping criminals from getting their hands on your money.' How to spot scammers Consumer rights expert Martyn James revealed to Yaspa his top tips for protecting yourself against scams. Be wary of anything that could potentially be faked, such as websites, phone calls from banks or businesses, and branding Always verify communications. For example, if you receive a phone call from your 'bank', contact them through the details on their official website to make sure you're not being scammed Scammers use emotional manipulation such as creating a sense of panic or urgency (i.e pretending to be a family member in need) to get you to send over cash. Always stop and think logically before sending anything over. Act quickly. If you believe you've been the victim of fraud, contact your bank immediately.
Finextra
04-08-2025
- Business
- Finextra
Four in 10 Brits never recover money lost after falling victim to scams
40% of Brits who have been victims of frauds or scams in the last year haven't been able to recover the money lost as a result, highlighting the urgent need for fraud-resistant payment methods, a new survey has revealed. 0 As open banking emerges as a viable safeguard for merchants and financial institutions, research from Pay by Bank provider Yaspa shows consumers lose £765 on average to scams, with the average percentage of lost funds recovered sitting at 34%. In the last 12 months, 16% of Brits who have experienced fraud or scams have lost between £250 and £500, while 1 in 10 have lost between £500 and £1000. Survey data revealed that the average financial loss for men was £943 - significantly higher than women, whose average came in at £476. Younger people lost less on average, with 16-24 year olds losing an average of £284 in scams and fraudulent activity, while all other age groups lost between £750 and £900 on average. This could be in part due to younger people being more technologically savvy than their older counterparts, or that they would have less disposable income to part with. Financial losses were also higher in Northern Ireland, with the average amount of money lost due to fraud in the last 12 months being £2290, followed by the North East at £1337, Wales at £1285 and Greater London at £1151. The nationally representative survey found 35% of respondents were a victim of fraud in the last 12 months - an estimated equivalent of around 17.5 million people. Over half of Brits (54%) said they believe it is easier to scam people today than 5 years ago, compared to just 19% of respondents who disagreed and felt it is harder to do so, while 70% of respondents said they are concerned about them or a loved one becoming a victim of fraud in the next 12 months. According to the survey, it was online mediums that ranked the highest for the 'most common' occurrences of fraudulent activity, with online shopping scams, phishing emails, and Facebook Marketplace scams considered the most common according to respondents. Investment scams, AI or deep fake scams, and unlicensed gambling operators also ranked highly, with nearly a quarter of Brits (24%) stating they believe ticket buying for concerts and sporting events is the most common platform for fraudulent activity or scams. When asked if the government and its agencies were doing enough to protect consumers from fraudulent activity, nearly 40% didn't agree. Almost 1 in 2 (49%) shared that the primary responsibility for protecting consumers sits with the government, while 44% felt it should be the responsibility of banks and financial institutions. Just over a third (38%) believed responsibility should sit with the police, 37% said technology and social media companies, while 26% felt it lay with the individual. Nearly a third of those surveyed (33%) shared they felt the solution to tackle fraudulent activity was in improved technology for better detection. Highlighting Pay by Bank as an alternative technology to reduce the risk of financial loss as a result of fraud, Amie Kadhim from Yaspa shares: 'Push payment fraud is one of the most damaging types of fraud today - and once the money's gone, it's rarely recovered. Scammers exploit the trust people place in bank transfers, highlighting the urgent need for better safeguards. 'With a background in card acquiring, I've seen how Pay by Bank offers a more secure alternative. Open banking, the technology behind it, moves money directly between accounts using strong customer authentication, without exposing sensitive card details or leaving gaps for fraudsters. 'With a third of respondents saying technology for fraud detection could be the best way to protect consumers against scams, other technological innovations in the payments sector could also be effective in fighting against these crimes. As fraud tactics evolve, we must stay ahead with smarter and more secure technology - and help consumers understand which payment methods truly offer better protection. Pay by Bank does exactly that.'
Finextra
07-07-2025
- Business
- Finextra
Yaspa to provide business accounts and payment services for merchants with Vialet integration
London fintech Yaspa, an award-winning provider of real-time payment, account verification and intelligence solutions, has announced its partnership with VIALET, the European-licensed electronic money institution. 0 The collaboration significantly enhances Yaspa's payment ecosystem, providing its merchant clients across the UK and Europe with expanded access to instant, multi-currency payment solutions. The partnership builds on VIALET's deep experience as a European fintech, offering specialised business accounts and a full suite of payment services designed for digital businesses. For Yaspa's merchant customers - particularly in the high-growth gaming sector - these accounts provide a secure, compliant way to manage funds, including those deposited and withdrawn through Yaspa's instant bank payment solutions. The result is a powerful, integrated offering that is quickly becoming a preferred choice for operators seeking seamless, multi-currency support for real-time transactions. By combining instant pay-ins and payouts with robust business banking infrastructure, the collaboration delivers a streamlined, scalable solution for managing money across the UK and Europe. Yaspa CEO James Neville said: 'Our mission at Yaspa is to provide merchants with a single, powerful platform to manage their payments intelligently. 'Partnering with VIALET not only expands our instant payment capabilities across Europe, but also reinforces our commitment to building a resilient, multi-partner ecosystem that offers our clients unparalleled choice and reliability.' Ioannis Chatziathanasiou, Chief Business Development Officer from VIALET, said: 'At VIALET, we are committed to delivering secure, fast, and scalable payment solutions tailored to the needs of digital-first industries. Partnering with Yaspa allows us to extend our reach and offer even greater value to merchants across Europe who demand flexibility, intelligence, and speed in their payment infrastructure.' Yaspa's instant bank payments are available across the UK and Europe, ready to integrate seamlessly into the payment systems of both current and future VIALET account holders who want to provide a real-time payment option that is quick to implement and simple to use.
