UK regulator says push payment scams worth 341 mln pounds reported in 2023
A UK regulator on Thursday reported more than 252,000 cases of authorised push payment scams worth about 341 million pounds ($438 million) last year where people lost money from their accounts to fraudsters posing as genuine payees.
The Payment Systems Regulator said the volume of such bank transfer scams increased by 12% to 252,626 from 2022 but the total value fell by 12% to £340.65 million in 2023.
Source: REUTER