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PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims

The Fintech Times

In 2023, Authorised Push Payment (APP) scams totalled just shy of £341million in the UK, with new research highlighting that reimbursement varies significantly depending on who consumers bank with. In the same year, victims reported 252,626 cases of APP scams – but not all reports resulted in refunds from their banks.

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Asian Organized Scam Centers Leads Cyber-Enabled Fraud

Fintech News

Expansion of select sites hosting cyber-enabled fraud operations, 2022-2025, Source: United Nations Office on Drugs and Crime, Apr 2025 The proliferation of scam centers in Southeast Asia Criminal groups across Southeast Asia, often originating from China, are notorious for running industrial-scale cyber-enabled fraud and sprawling scam centers.

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