Industry Newsfraud detectionpaymentsuk financeonline safety
UK Finance Calls Rethink Of Scam Prevention
9.2
UK Finance warns that fraud losses climbed to over £629 million in the first half of 2025, a 17% increase in cases, and calls for a fundamental rethink of scam prevention. It urges shifting defenses upstream by embedding safeguards across social platforms, telecoms, and fintechs, and advocates cross-industry data sharing, API-based network signals, and education reforms to counter AI-enabled scams.
Key Points
- 1Finds fraud losses exceeded £629 million in H1 2025, cases rising 17%.
- 2Explains criminals exploit social media and messaging, undermining bank-centric defenses and detection.
- 3Urges cross-industry data-sharing and upstream security using network-level APIs and device signals.
Scoring Rationale
High industry impact and actionable cross-sector guidance drive score; limited technical specifics constrain immediate implementation planning.
Sources
Public references used for this report.
Practice with real Payments data
90 SQL & Python problems · 15 industry datasets
Used by DS/ML engineers at top companies
250 free problems · No credit card
See all Payments problems
