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 ...

Nigerian real estate executive Edwin Omokhuale arrested in Dublin over alleged KSh 3bn fraud targeting an Australian mining ...

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 ...

Victims have lost tens of thousands – and in one case £300,000 – due to fake emails from solicitor or estate agent ...

The UK’s payments landscape is undergoing a rapid transformation, with digital money, tokenisation, and stablecoins offering ...

Fraud is the most prevalent type of crime in the UK, accounting for over 40% of offences in England and Wales, according to figures from the National Crime Agency. Criminals stole £1.17 billion ...

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 ...

Cryptocurrency fraud in the U.K. rose by 32% to 226 million pound ($273 million) in one year, according to data from the U.K. police unit Action Fraud, the Financial Times reported on Monday. The U.K.

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 ...

Banks and tech firms are coming together in an initiative to share information on fraud to give them visibility of the attacks targeted at customers. The collaboration is part of Stop Scams UK’s ...