UK Investment Scams Surge 55% as APP Fraud Losses Hit £257 Million
Losses from authorized push payment fraud in the UK climbed 12% year-over-year to reach £257.5 million in the first half of 2025, according to new industry data. Investment scams drove the increase with a staggering 55% jump in losses, while romance fraud saw a 35% surge. The findings highlight growing challenges in combating sophisticated social engineering tactics.
Investment Fraud Leads Alarming APP Surge
British consumers are falling victim to increasingly sophisticated investment scams at an alarming rate, with new industry data revealing a 55% surge in losses from these schemes. According to analysis from UK Finance, the financial services trade association, investment fraud accounted for £97.7 million in losses during the first half of 2025 alone.