Jonathan Fisher KC’s Fraud in the Digital Age report delivered a clear warning about the scale of fraud in the U.K. The ...
Authorised push payment (APP) fraud losses have fallen by an estimated £73 million annually, according to a review into the impact of rules requiring banks to reimburse victims. APP fraud happens when ...
The PSR’s July 2026 evaluation found UK scam reimbursement cut APP fraud losses by £73m a year, with 97% of in-scope claims ...
Fraud and financial crime remain a significant challenge for UK businesses in 2025. From banks and fintech’s to retailers and telecom providers, organisations are working hard to stay ahead of ...
Yet in the years since its last review, risks from crypto-enabled illicit finance, industrial-scale fraud, fintechs and ...
UK consumers experienced higher volumes of fraud and more losses in the first half of the year, compared to the same time period in 2024, according to the latest figures from the banking industry. UK ...
In its latest report, defence and security think tank RUSI said the scam often known as authorised push payments (APP) – which involves victims being tricked into making payments – has “far-reaching ...
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What is a deepfake? UK fraud losses hit £1.28B as banks warn AI makes scams harder to spot
UK payment fraud losses reached £1.28 billion ($1.74 billion) in 2025 as criminals increasingly turned to artificial intelligence to create more convincing scams, prompting fresh warnings from UK ...
The latest insights from UK Finance underscore a persistent and evolving challenge in the fight against financial crime. Despite consant efforts by banks and ...
Internet and e-commerce fraud in the UK rose by 179% during the period from 2010 to 2020, according to an analysis by Uswitch.com. In 2020 alone £376.5m was lost to internet and e-commerce fraud in ...
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