Authorized push payment fraud (APP fraud) is a form of fraud in which victims are manipulated into making real-time payments to fraudsters, typically by social engineering attacks involving impersonation. As of 2019 in the United Kingdom, because the victims of these frauds authorized the payments, albeit mistakenly, they are typically not fully reimbursed by their banks.
- ^Tims, Anna (2018-10-17). “If you’ve been sent bank details by email, be warned”. The Guardian. ISSN 0261-3077. Retrieved 2019-01-07.
- ^Lindsay, Jessica (2018-09-28). “What is a push payment and how to avoid fraud?”. Metro. Retrieved 2019-01-07.
- ^“Refund hopes rise for payment scam victims”. BBC News. 2018-09-28. Retrieved 2019-01-07.
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder of TBIL.co STATX Fund.