A new report estimates that losses from “authorised push payment” (APP) fraud fall by about £73 million per year, according to coverage of the findings. The report presents the latest view of the scale of APP fraud and how losses are changing over time. It is discussed alongside separate figures from UK Finance, released in June, which reportedly showed that APP fraud losses rose sharply during the previous year. The two sets of information are presented as addressing different timeframes or baselines: the June UK Finance data indicates a recent increase, while the newer report suggests a substantial annual reduction in losses. Together, the articles highlight ongoing uncertainty in the trend and emphasize that fraud-loss estimates can vary depending on the methodology, period measured, and available reporting data. The sources agree that APP fraud remains a significant problem and that updated figures continue to inform discussion of the scale of losses and potential effectiveness of measures aimed at reducing fraud.
Report estimates £73m annual fall in APP fraud losses
A new report estimates that losses from “authorised push payment” (APP) fraud fall by about £73 million per year, according to coverage of the findings. The report presents the latest view of the scal...
- APP fraud losses are estimated to be reduced by about £73 million per year, according to a report.
- UK Finance figures released in June indicate APP fraud losses rose sharply last year.
- The coverage links the report’s estimates with the earlier UK Finance reporting, suggesting differing trends by period.
- APP fraud remains a major focus for fraud and financial crime reporting.
The report follows separate UK Finance figures released in June which indicated that APP fraud losses rose sharply last year.
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