Criminals stole £1.28 billion through authorised push payment fraud in the UK last year. The total marked a four per cent rise from 2024. UK Finance released the latest figures this month.
Key Facts
- Criminals took £1.28 billion via APP fraud in 2025.
- The amount rose four per cent from the prior year.
- APP fraud had fallen in 2024 before the rebound.
- UK Finance published the annual fraud report.
- Scams often trick victims into sending money themselves.
Simple Breakdown
APP fraud happens when a victim is tricked into sending money to a fake account. The person authorises the payment, so banks may not block it at once. The new report shows these scams grew again after a short dip last year.
Why This Matters
Higher losses mean more people lose savings to scams. Banks face extra costs and must improve checks. Regulators may push for stronger rules on faster payments.
What's Next
Banks will test new warning tools and share data on known scam accounts. More rules on payment speed could slow some transfers. Watch for updates on fraud figures in the coming months.
⚡ Key Takeaways
- APP fraud losses reached £1.28 billion in 2025.
- The total rose four per cent year on year.
- Scams rebounded after falling in 2024.
- Victims authorise transfers to fraudsters.
- UK Finance tracks the annual data.
- Banks must strengthen real-time checks.
- New rules may target faster payments.
FAQ
Conclusion
The rise shows fraud teams must stay alert. New tools and rules will shape safer payments ahead. Readers can check bank alerts for the latest scam warnings.
Sources
- Finextra (2026-06-15)
