A New Code to Protect Victims in the UK from - ProQuest

A New Code to Protect Victims in the UK from - ProQuest: "Authorised Push Payments (APP) frauds are scams whereby countless individuals have been tricked into conveying funds to a fraudster, a crime that can have a devastating impact on the victims. APP scams are reported to be the second-largest payment fraud in the United Kingdom's finance, in terms of both the total value and the number of scams. According to a UK Finance report,1 in 2018 in the United Kingdom (UK), personal banking customers lost £228 million and business banking lost a further £126 million due to APP scams, with only £83 million recovered by the victims."