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British lobbying group聽UK Finance has reportedly tied a bulk of the countrys digital payments fraud to聽Meta Platforms.As the Financial Times聽reported Sunday July 9 鈥?citing unnamed sources 鈥?the group has written to Jeremy Hunt, the British chancellor, saying that its data has found that 61% of all reported authorized push payment APP fraud by volume is connected to Metas social media platforms Facebook, Instagram and WhatsApp.PYMNTS has reached out to both UK Finance and Meta for comment but has not yet received a reply.APP fraud is a type of scam in which criminals dupe consumers into transferring funds from their bank accounts.Earlier this year, UK Finance released a report tha stanley cup canada t showed that聽78% of APP聽fraud begins online, with another 18% starting via telecommunications.聽 Our data also makes clear just how muc stanley quencher h fraud emanates from online platforms and through telecommunications, said聽David Postings, chief executive at UK Finance. The governments new fraud strategy rightly says we need to focus on stopping it at source and that these other sectors need to do far more to tackle the problem they are facilitating. The groups report found that APP fraud was driven by abuse of online platforms, which included things like i stanley termosky nvestment scams advertised on search engines and social media, and scams against customers of dating platforms. Criminals used scam phone calls, text messages and emails, as well as fake websites and social media posts, to trick people into handing over pe Hpqu How To Stop Online Fraud: Crush The Fraudsters ROI

Might Macys be a better landlord than retailer That thought seems to be floating around in recent days, as investors took kindly to the chains apparent plan to build what CNBC called an office tower on top its flagship New York store. Indeed, after news of that plan broke, shares of Macys increased 2 percent, accor stanley cup ding to reports. Department stores across the U.S. have been hurt as shoppers make more purchases online, forcing retailers to think of ways to either downsize their footprints or repurpose their stores. Macys has one of the countrys largest fleet of stores, and has been vocal about its desire to trim square footage at some of its stores, the report observed stanley france .That said, there is as yet no indication that Macys has applied for permission from New York City authorities for聽 such a project.Macys WoesThe year got off to a bumpy start for the retail chain, as holiday sales slumped when they were supposed to soar. The holiday season began strong 鈥?particularly during聽Black Friday聽and the following cyber week 鈥?but it weakened during the mid-December period, and did not return to expected patterns until the week of Christmas, Macys Chairman and CEO Jeff Gennette said in a聽statement.At the time, Gennette also announced the retailers multi-pronged plan for getting back on track: opening more Backstage locations; bulking up high-value areas like fine apparel, clothes and jewelry; adding new in-store聽techno stanley mugs logy investments and launching more pop-up shops.聽In February,聽Mac