{"id":119980,"date":"2023-03-06T16:25:05","date_gmt":"2023-03-06T16:25:05","guid":{"rendered":"https:\/\/feedzai.com\/?post_type=resource&#038;p=119980"},"modified":"2023-11-07T16:33:10","modified_gmt":"2023-11-07T16:33:10","slug":"risk-reputation-who-ultimately-pays-for-scam-losses","status":"publish","type":"resource","link":"https:\/\/feedzai.com\/resource\/risk-reputation-who-ultimately-pays-for-scam-losses\/","title":{"rendered":"Risk &#038; Reputation: Who Ultimately Pays for  Scam Losses?"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row row_height_percent=&#8221;0&#8243; overlay_alpha=&#8221;50&#8243; gutter_size=&#8221;3&#8243; column_width_percent=&#8221;65&#8243; shift_y=&#8221;0&#8243; z_index=&#8221;0&#8243;][vc_column column_width_percent=&#8221;100&#8243; align_horizontal=&#8221;align_center&#8221; gutter_size=&#8221;0&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; width=&#8221;1\/1&#8243;][vc_custom_heading text_color=&#8221;color-142326&#8243; text_size=&#8221;fontsize-554605&#8243; text_weight=&#8221;600&#8243; uncode_shortcode_id=&#8221;164115&#8243; text_color_type=&#8221;uncode-palette&#8221;]Report[\/vc_custom_heading][vc_custom_heading text_color=&#8221;color-853579&#8243; heading_semantic=&#8221;h1&#8243; text_weight=&#8221;700&#8243; uncode_shortcode_id=&#8221;990257&#8243; text_color_type=&#8221;uncode-palette&#8221;]Risk &amp; Reputation:<br \/>\nWho Ultimately Pays for<br \/>\nScam Losses?[\/vc_custom_heading][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_single_image dynamic=&#8221;yes&#8221; media_width_percent=&#8221;100&#8243; uncode_shortcode_id=&#8221;587881&#8243;][vc_column_text uncode_shortcode_id=&#8221;145037&#8243;]The rise of authorized push payment (APP) fraud has forced UK regulators to demand banks reimburse scam victims. Will US banks follow suit? While shifting liability for scam losses from customers to banks may seem like a simple solution, it ignores a crucial fact: Big Tech platforms enable scams in the first place.<\/p>\n<p>Social media, search engines, and telecom providers all play a role in connecting scammers with victims. It&#8217;s time to broaden the conversation beyond banks and explore a &#8220;polluter pays&#8221; model that holds Big Tech accountable for their role in enabling scams.<\/p>\n<p>Feedzai&#8217;s new report, Risk &amp; Reputation: Who Ultimately Pays for Scam Losses?, pivots the traditional conversation over how banks should handle scam liability. By downloading this report, you&#8217;ll gain exclusive insights into:<\/p>\n<ul>\n<li>FTC data points that reveal how scammers connect with victims<\/li>\n<li>The importance of holding Big Tech accountable with a new liability model<\/li>\n<li>The challenges and opportunities in getting Big Tech to engage in a new liability model<\/li>\n<\/ul>\n<p>Additionally, you&#8217;ll hear from industry experts Chris Caruana and Dan Holmes from Feedzai, as well as Trace Fooshee, Senior Advisor at Aite-Novarica, on the shifting scams liability debate.<\/p>\n<p>Protect your bank and your customers from scams by downloading this report today.[\/vc_column_text][\/vc_column][vc_column column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; border_color=&#8221;color-gyho&#8221; border_style=&#8221;solid&#8221; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; 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Reputation: Who Ultimately Pays for Scam Losses? | Feedzai<\/title>\n<meta name=\"description\" content=\"Protect your bank from scam losses by holding Big Tech accountable. 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