REGULATION · UK
UK APP fraud losses surge to £1.28bn in 2025; regulators signal enforcement priority
Authorised Push Payment (APP) fraud in the UK climbed 4% year-on-year to £1.28 billion in 2025, reversing prior decline. Financial crime regulator treating rise as high-priority enforcement issue; banks under pressure to strengthen push-payment safeguards.
WHY IT MATTERS
Signals tightening regulatory scrutiny on bank fraud controls; compliance spending on payment authentication and customer verification will rise; AI-driven fraud detection becomes table-stakes competitive necessity for UK retail banks.
Source: Finextra · 2026-06-15