App欺诈对跨境支付的影响

The impact of APP fraud on Contents Foreword..................................................................................................................................... 3 Introduction................................................................................................................................. 7Criminals are exploiting the interoperability gaps..................................................................8 Understanding the criminal opportunity of cross-border payments.................................... 10Payment “Camouflaging”.......................................................................................................12 Speed of Transactions.............................................................................................................16Regulatory environment..........................................................................................................18Broader than financial services...............................................................................................20Lack of global standards.........................................................................................................21Data sharing limitations..........................................................................................................22 Leveraging technology............................................................................................................25Tokenisation.............................................................................................................................27Collaboration...........................................................................................................................29Australia: A case study............................................................................................................30 Combating cross-border APP fraud: a call for global collaborationand technological innovation................................................................................................... 33 Contributors.............................................................................................................................. 35 Cross-border payments working group.................................................................................. 36 Foreword This whitepaper tackles one of the messiest and most controversialconsequences of near-instant cross-border payments: Authorised Push The researcher and author, Dr. NicolaHarding, is an expert criminologist and isnoted for her unusual and highly valuablereal-world research techniques (I won’tsay more, you’ll need to check out herwork) as well as interview subjects. For Regarding regulators, here are two It’s not practical to expect regulatorsfrom around the world to align onhow to solve this problem. However,when there’s evidence and reasonablesuspicion of a citizen perpetrating fraud,regulators should exempt the suspect I’ll continue this theme by sharing a fewof my views here, and again, these aremy views – not those of The Payments Regarding consumers, we can’t ignorepersonal accountability. No matter howeffective the tech, or warnings – we ashumans sometimes make terrible decisions Regarding banks, EMIs and other regulated More creative, hard-hitting andfresh techniques are needed to warncustomers of these scams.The industry should embrace new,purpose-built software to identify andprevent APP fraud as well as contributedata to a shared repository for others toaccess.When a foreign bandit opens anaccount or a wallet with a domesticregulated entity to access the domesticpayment network and commit fraud, There you have it. Some initial thoughts toget you started on what I’m sure will be a Abstract The global landscape of cross-border payments is undergoing rapidexpansion, driven by several key factors. These include the globalisation of Fraudstersexploit globalcommunicationgaps, regulatorydifferences, andcybersecurityvulnerabilities Small and medium enterprises (SMEs) now engage in international commerce moreseamlessly, while consumers increasingly shop from global retailers. Digital wallets andpayment platforms are simplifying transactions, and the increase in remittances due toglobal migration and international employment further contributes to the surge in cross- However, the growth in cross-border payments, particularly with over 80 countries offeringreal time payment schemes where payments can be initiated, cleared and settled betweenbank accounts within seconds, comes with heightened concerns about fraud, particularlyAuthorised Push Payment (APP) fraud. APP fraud, where individuals and businesses are trickedinto making payments to fraudsters, is becoming more prevalent in international transactions To address these challenges, it is essential to go beyond technological solutions and learnfrom the personal experiences of victims and the insight of experts, gaining a deeperunderstanding o