Scammers keep scoring: Brits fleeced for £1.3B as Americans lose $3.5B to impersonators

Brits lost £1.28 billion to payment fraud in 2025, with 66% of incidents originating from online platforms and 17% from telecoms networks. UK Finance called for stricter regulations on tech and telecoms sectors to combat scams, as authorized push payment (APP) fraud losses rose 19% to over £576 million, driven by investment, romance, and impersonation fraud.