UK's Scam Strategy Needs to Focus on Prevention Beyond Reimbursement
The UK Finance Annual Fraud Report shows a rise in payment fraud losses for 2025, with APP fraud increasing by 19% to £576.4m. While the PSR reimbursement regime has high rates of compensation, it is not preventing ongoing criminal activity. Australia's approach, shifting focus toward pre-payment prevention and shared accountability among financial institutions, may offer a more effective model.
Topics: fraud prevention payment fraud regulatory reform reimbursement policy