APP fraud losses have fallen by an estimated £73m per year, says report

A recent report states that APP fraud losses have decreased by an estimated £73m per year. This information follows separate figures released by UK Finance in June, which indicated that APP fraud losses had risen sharply during the previous year. The new report highlights this downward trend in losses, contrasting with the earlier data provided by UK Finance regarding the increase in fraudulent activity and the associated financial losses experienced last year.