Payment fraud is a fact of life. Businesses and consumers need to be wary of it at all times. But during a crisis, extra vigilance is required. Criminals will seek to exploit new vulnerabilities and changes in behaviour. There have been reports of COVID-19 related scams across the UK.
At Modulr, our fraud team works daily to monitor and address potential scams and stop criminals in their tracks. Here are the top 5 scams they advise watching out for – and how you can stay safe.