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

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 ...

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 ...

As the Financial Times reported Sunday (July 9) — citing unnamed sources — the group has written to Jeremy Hunt, the British chancellor, saying that its data has found that 61% of all reported ...

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 ...

A year and a half after the Economic Crime (Transparency and Enforcement) Act 2022 received Royal Assent, the Economic Crime and Corporate Transparency Act 2023 (Act) came into law on 26 October 2023.

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, ...

AI mortgage fraud is already being detected at UK lenders — but regulation has yet to match the pace of adoption ...

The United Kingdom government has begun using new anti-fraud powers requiring banks to help identify benefit claimants who may have undeclared savings or have spent longer abroad than benefit rules ...

The Enforcement Directorate has temporarily frozen assets totaling Rs 3.72 crore linked to an elaborate cyber fraud scheme.