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Online shopping fraud in the UK is a 2.3bn pounds crisis

As the UK grapples with an unprecedented surge in fraudulent activity, new research from The Co-operative Bank has unveiled a concerning pattern in consumer vulnerability, with online shopping fraud emerging as the nation's most prevalent scam. The findings come as total losses to fraud reached 2.3 billion pouynds in 2023 — a startling 104 per...

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Navigating returns fraud challenges in the fashion and retail industry

Returns fraud has emerged as a significant concern within the fashion and retail industry, posing financial challenges and operational complexities for businesses. This form of fraud involves deceptive practices where consumers exploit return policies for personal gain, often by purchasing items with the intention of returning them after...