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flag UK push payment fraud losses hit £257.5M in early 2025, led by a 55% rise in investment scams.

flag UK financial losses from authorised push payment fraud rose 12% in early 2025 to £257.5 million, driven by a 55% surge in investment scam losses, which reached £97.7 million. flag Though fraud cases fell 8%, the number of fraud payments rose 4%, with investment scams averaging £15,098 per incident. flag Romance scams saw a 35% increase in losses, while purchase scams remained most common, making up 72% of cases. flag A new reimbursement rule introduced in October 2024 led to £159.2 million returned to victims—62% of total losses, up from 56%. flag Online channels were used in two-thirds of cases, and banks blocked £870 million in attempted fraud, preventing 70% of attacks. flag Overall fraud losses across all payment types rose 3% to £629.3 million, with over 2.09 million confirmed cases.

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