The UK Finance Annual Fraud Report reveals that criminals stole £1.28bn through payment fraud in 2025, a 4% increase on the previous year. Authorised push payment (APP) fraud losses rose even more ...

Financial fraud has become one of the UK’s most damaging, persistent, and underestimated national threats. The appointment of the UK’s first Fraud Minister marks a decisive moment—one that could, if ...

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UK consumers received GBP 3.5 billion through friendly fraud in 12 months, with 6.5 million claimants and repeat behaviour a ...

AI mortgage fraud is already being detected at UK lenders — but regulation has yet to match the pace of adoption ...

UK consumers have been on the receiving end of a huge influx of online fraud, losing over £11bn ($13.8bn) in the past 12 months, according to Cifas. The fraud prevention non-profit surveyed 2000 Brits ...

It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services. The UK ...

yes Subscribe to our daily newsletter, PYMNTS Today. “While this points to a reduction in the average loss per case, criminals are targeting ever more victims in order to maintain flows of illicit ...

Fears of being scammed are causing one in three UK consumers to abandon online purchases, according to a study. Some 31% of consumers have stopped at least one online purchase because they were ...

Industry associations the GSMA and UK Finance outlined the ability of an API-delivered platform to battle authorised push payment fraud in the UK, a service developed in collaboration with local ...

Britain’s biggest mobile networks have agreed to overhaul their systems to stop scammers using fake numbers to impersonate banks and government departments. As ministers seek to stem the growing tide ...

A network of at least four organizations running illegal scam centers in Southeast Asia has been sanctioned by the UK and US government. The sanctions will freeze these businesses and properties some ...