Fraud

UK Finance drives collaborative actions to reduce the impact of financial fraud and scams both across the industry and with partners in the public sector, private sector and law enforcement.

We publish the official fraud losses data for the UK payments industry on a bi-annual basis and provide the definitive source of industry fraud statistics and data. We compile statistical information on losses due to unauthorised fraudulent transactions made using payment cards, remote banking channels and cheques. In 2017 we started reporting fraud losses due to authorised push payment (APP) scams.