• Introduction to APP fraud

  • Mar 21 2023
  • Length: 10 mins
  • Podcast

Introduction to APP fraud

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  • Summary

  • The level of fraud in the UK has reached concerning heights.  

    Law firm Womble Bond Dickinson's podcast series looks at Authorised Push Payment Fraud, also known as APP fraud. 

    APP fraud is a relatively unsophisticated deception, but it can be extremely effective because of the way in which it is delivered. 

    In the first half of 2021, the UK saw a 71% increase in APP fraud, which for the first time surpassed the total sum of money stolen through payment card fraud. 

    In this first episode, our hosts discuss APP fraud's scope and growth, duty by the banks and new legislation that is being drafted to tackle this type of fraud. 
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