How to tackle authorised push payment fraud in the maritime sector

Henry Clack, of HFW, reports on a growing threat to the marine sector, as criminals up their game

Authorised push payment (APP) fraud is becoming an increasingly serious threat to the global shipping industry. Shipowners, operators, charterers and other maritime stakeholders are finding themselves targeted by sophisticated fraudsters who exploit the fast-paced, international and document-heavy nature of shipping transactions.