UK banks paid out £576.4mn in authorised push payment fraud losses last year, a sign that the regulator’s APP reimbursement regime does “absolutely nothing” to prevent fraud, according to UK Finance.

In its July 2024 policy statement on compliance and monitoring under the Faster Payments APP fraud mandatory reimbursement requirement, the PSR introduced some leeway on timing for PSPs to comply with ...

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 ...

UK consumers lost hundreds to online fraud as AI-powered scams grow, with businesses facing rising pressure to protect trust ...

Jonathan Frost argues that the UK must consider making the step from compensating victims to preventing scams and their ...

Crypto fraud has industrialized. The UK is showing how enforcement can keep up.

Criminals stole nearly £1.28 billion through payment fraud in 2025, according to the latest annual figures from UK Finance, ...

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 ...

As highlighted in our recent Engage article on the PSR’s proposals on compliance and monitoring requirements for the APP reimbursement requirement for FPS, the PSR is consulting on a specific ...

The fraud epidemic shows no sign of slowing, with losses surging to new heights in 2025, according to a banking industry ...

UK police have arrested hundreds of suspects and seized £19m ($15m) as part of an ongoing crackdown on rampant fraud in the country. Now in its third iteration, Operation Henhouse was coordinated ...