UK APP Fraud Jumps 19% as Scammers Abuse Online Platforms

Authorized push payments (APP) fraud continues to bedevil the financial sector in the United Kingdom. That’s according to the 2026 edition of Annual Fraud Report from UK Finance , which showed that criminals stole 1.28 billion pounds (about $1.7 billion) through payment fraud last year, a 4% increase. “Fraud operates on an industrial scale, harming people, businesses and the U.K.