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Evening Standard
Evening Standard
Vicky Shaw

Over half of APP scams last year ‘carried out by fraudsters using social media’

The Payment Systems Regulator Kate Fitzgerald PSR United Kingdom
Authorised push payment scams cost UK consumers £341 million last year, with social media platforms used by fraudsters to carry out more than half of the volume of incidents, according to figures from the Payment Systems Regulator (Dominic Lipinski/PA) - (PA Archive)

Authorised push payment (APP) scams cost UK consumers £341 million last year, with social media platforms used by fraudsters to carry out more than half of the volume of incidents, according to figures from a regulator.

APP scams happen when someone is tricked into transferring money to a fraudster.

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