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2023 witnessed a rise in UK's Authorised Push Payment (APP) scams, with 252,626 cases and £341m losses.
2023 saw a spike in UK's Authorised Push Payment (APP) scams, with 252,626 cases reported, resulting in £341 million losses.
Although the total value of lost funds decreased by 12%, 67% of funds lost to these scams were reimbursed in 2023, up from 61% in 2022.
However, inconsistent reimbursement processes among banks remain a challenge.
Mandatory reimbursement measures will come into force on October 7, 2024, to better protect consumers and encourage banks to innovate and improve their controls against scams.
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2023 fue testigo de un aumento en las estafas de pago push autorizado (APP) del Reino Unido, con 252.626 casos y 341 millones de libras perdidas.