NECC Amber Alert – Digital Wallet Abuse
30/09/2025
Today the NECC has issued an Amber Alert to its partner institutions to raise awareness and share key trends relating to the increasing threat of digital wallet fraud.
Digital wallet fraud is a rapidly growing financial crime where criminals add stolen bank card details to mobile wallet apps without the cardholder’s knowledge. Fraudsters are able to exploit the verification process linking a card to a digital wallet. Once the stolen card details are added, these wallets can be used to bypass standard banking fraud controls to enable fraudulent purchases and cash-outs.
The Alert details methodologies used by fraudsters to abuse digital wallets and aims to help financial institutions detect and prevent instances of this type of fraud. This Alert has been shared with members of the NECC Public Private Partnership and is not publicly available.
The NECC works collaboratively with industry to identify criminality, protect their customers and the wider public against serious and organised crime.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.