The 2024 report shows a 10% fraud reduction from the 14 largest bank groups; but more notable losses increase from the top-20 receiver firms – primarily the ‘non-directed firms’ or smaller payments companies.

Faults in Fujitsu's Horizon IT system resulted in the Post Office wrongfully pursuing and prosecuting more than 900 post office operators for theft, fraud and false accounting in what has been called...

UK Finance, as the industry association, reported in 2022 that APP-fraud accounted for 40% of total fraud reported and growing in the first half of 2023. This impacts the UK payments integrity and reputation.

The UK leads in consumer authentication: says figures from Arcot. But can more be done.