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Guardian

Guardian

Business

Business & Economics

UK banks urged to beef up anti-fraud systems for international payments

Guardian
Summary
Nutrition label

68% Informative

Number of authorised push payment ( APP ) scams fell by 20% last year to just under 186,000 .

In 2023 , there were more than 232,000 cases of this type of crime.

The decrease is thought to be down in part to the new rules, plus other initiatives.

But the total amount lost to APP fraud decreased by just 2% to 450m.

VR Score

63

Informative language

57

Neutral language

50

Article tone

informal

Language

English

Language complexity

47

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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no affiliate links