Verified Digital Identities Would Eliminate £455.8 Million Of Push Payment Fraud [Forbes]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Forbes
Push payments rely on your customers or clients actively sending or 'pushing' money to you. Yet with both the value and volume of these requests for payments increasing, many people are falling victim to push payment fraud, where they are tricked into transferring money to fraudsters. Fraudsters are usually the first to take advantage of rapidly changing and growing markets, and push payments are fast becoming a tool to subvert banking security measures. While push payments are necessary for our day to day lives in the form of payment requests and invoices, they have quickly turned into a haven for fraudsters. The requirement has led to fraudsters circumventing checks and balances of financial institutions, such as manual review, identification of unusual activity, and other enhanced protections, by sending fake requests for payments resulting in push payment fraud.UK consumer association Which? has recently said the government should make it mandatory for banks and building societies
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News
- Lloyds Banking Group plc (NYSE: LYG) is now covered by analysts at Berenberg Bank. They set a "hold" rating and a $2.75 price target on the stock.MarketBeat
- Lloyds Bank plc: 2024 Q1 Interim Management Statement [Yahoo! Finance]Yahoo! Finance
- Global Cyber Security Company, BlueVoyant, Chooses Leeds for Brand New Security Operations Centre and Customer Experience Centre [Yahoo! Finance]Yahoo! Finance
- Lloyds profits drop 28% after bumper 2023 [Yahoo! Finance]Yahoo! Finance
- FTSE 100 extends record run on earnings optimism [Reuters]Reuters
LYG
Sec Filings
- 4/25/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- LYG's page on the SEC website