PSR responds to UK Finance's fraud data
The Payment Systems Regulator today responds to UK Finance's latest fraud data.
Today’s data shows the need for consumers to be better protected from authorised push payment (APP) fraud, where a fraudster tricks you into sending them money.
We want to make it harder for criminals to commit this type of crime – and if they do occur, we want to reduce the impact on the victim. We’re driving a range of initiatives do this, working with industry, consumer groups and other regulatory and government bodies.
Our work in this area will also help combat other types of financial crime.