Computer & Communication Industry Association
PublishedNovember 18, 2024

Fraud Liability in EU Payments Regulation: Study Warns Against Blame-Shifting

A new study by researcher Zach Meyers, commissioned by the Computer & Communications Industry Association (CCIA Europe) cautions that the EU’s proposed Payment Services Regulation (PSR) could inadvertently make it easier for scammers to exploit consumers. 

The study warns that amendments to the PSR tabled by Members of the European Parliament may disrupt current fraud-prevention efforts, which rely on cooperation between banks, online platforms, and telecom providers to combat complex scams.

Meyers cautions that the proposed changes would make banks, telcos, and platforms liable for compensating fraud victims, likely leading to blame-shifting instead of collaboration. This could discourage essential information-sharing between industries, ultimately weakening fraud defences. Drawing on data from the Netherlands and the UK, the report also notes that automatic reimbursement policies can reduce consumer vigilance and may incentivise fraudulent claims. 

Instead, CCIA Europe urges EU lawmakers – and Member States, who still need to agree on a common position, in particular – to support cross-industry cooperation, instead of encouraging a blame-shifting approach to fraud liability.

News

CCIA Statement on Healey’s Budget Speech, AI Development Opportunity

London – Alongside Chancellor of the Exchequer John Healey’s Budget, the UK Office for Budget Responsibility (OBR) has published new forecasts for the impact of AI on the UK’s economic and fisca...
reading-tablet
  • Press Releases
  • Artificial Intelligence
News

CCIA Submits List of Digital Trade Barriers for USTR’s Annual Report

Washington — The Computer & Communications Industry Association offered comments as part of the U.S. Trade Representative’s annual request for stakeholders to report trade barriers for the age...
reading-tablet
  • Press Releases
  • Trade
News

CCIA Files Lawsuit Arguing Alabama’s App Store Law Likely Violates First Amendment

Washington – The Computer & Communications Industry Association has filed a lawsuit challenging Alabama’s App Store law, alleging it violates First Amendment protections to speak and access in...
reading-tablet
  • Press Releases
  • Online Safety
News

CCIA Urges Australia to Protect Encryption and Ensure Online Safety Rules Are Clear and Effective

Washington — The Computer & Communications Industry Association urged Australian lawmakers to protect strong encryption and ensure that proposed online safety regulations are clear, proportionat...
reading-tablet
  • Press Releases
    Trade