Industry leaders say bogus claims rose 14% last year, pushing up premiums for all customers ...

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

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 ...

Fake insurance claims cost UK £134 billion as travel fraud skyrockets - The ABI said insurers prevented fraudulent insurance ...

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 ...

Food fraud is costing the UK economy up to £2 billion every year, according to the first study to calculate its full economic impact. The research, from the University of Portsmouth, estimates that ...

My UK bank account has been frozen.You cannot move funds in your bank account unless you pay taxes to HMRC (HM Revenue and Customs).A problem has occurred overseas, and I need you to send money ...

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 ...

The delay will give PSPs more time to contact the customer or relevant third parties, such as law enforcement, HM Treasury said in a Tuesday (March 12) policy note. This will amend the current rules, ...

LONDON--(BUSINESS WIRE)--Cyber fraud, including advanced schemes like AI-generated scams and business email compromise (BEC), surged across UK businesses in 2024, according to new data released today ...

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 ...