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indianexpress.com
Indians lost Rs 120.30 crore (approximately $14.5 million USD) to "digital arrest" scams in the first quarter of 2024, according to government cybercrime data. In these scams, fraudsters—primarily operating from Myanmar, Laos, and Cambodia—pose as law enforcement officers via video calls and demand money from victims by falsely claiming they are involved in crimes or have received illegal parcels. The scam represents one of four major cyber fraud types affecting Indians, with digital arrest complaints comprising part of 7.4 lakh total cybercrime complaints filed between January and April 2024.
cnbctv18.com
A sophisticated scam targeting air travelers in India compromised approximately 450 passengers between July and August 2024, causing collective losses exceeding ₹9 lakh (₹900,000). The scheme involved a fake "Lounge Pass" app distributed via WhatsApp that requested facial scans and personal details, then used granted SMS permissions to intercept OTPs and conduct unauthorized credit card transactions, with funds redirected to third-party accounts. Cybersecurity experts recommend travelers download apps only from official stores, avoid unverified QR codes, and limit SMS access permissions to mitigate risks from this social engineering tactic exploiting the popularity of airport lounge services.
6abc.com
A 70-year-old man in Montgomery County, Pennsylvania was targeted through a romance scam on LinkedIn beginning in August 2022, where a criminal posed as a woman to build trust and extract his personal information. The scammers used his identity to purchase iPhones and iPads connected to his AT&T account, then convinced him to facilitate cryptocurrency purchases and transfers as part of a money laundering scheme, resulting in approximately $10,000 in fraudulent charges before the bank detected the activity. The FBI warns that romance scams have become a billion-dollar-a-year enterprise increasingly used to turn victims into "money mules," with AI technology making such schemes more convincing,
aarp.org
An 82-year-old man named Dennis Jones was romantically scammed by a woman he met on Facebook who claimed to be a successful cryptocurrency investor named Jessie and offered to teach him how to profit from crypto investments. After developing trust with the scammer and hoping to leave an inheritance for his family, Dennis invested his savings, which turned out to be part of a fraudulent scheme. The devastating financial loss and emotional trauma led to Dennis taking his own life, and his son and daughter now share his story publicly to warn others about romance and cryptocurrency scams targeting seniors.
prnewswire.com
A married senior couple lost $30 million in a coordinated fraud scheme involving impersonation, cryptocurrency transfers, and alleged negligence by Charles Schwab, Bank of America, and Unchained Trading. Scammers used confidential information from Schwab's 2023 data breach to convince the victims their investment accounts were compromised, then directed them to liquidate assets and convert funds to cryptocurrency. The lawsuit alleges that all three institutions failed to implement proper Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols despite clear red flags of elder financial abuse and identity theft, and instead attempted to upsell additional services rather than halt the fraudulent transactions
thefamuanonline.com
Spam calls and communication fraud have become widespread globally, with scammers frequently targeting older adults aged 65 and up, who lose an average of $35,000 per victim according to Elder Affairs Florida. In response, Florida enacted House Bill 1171 effective October 1, which reclassifies fraud charges targeting seniors, minors, and people with disabilities to more severe felony levels—elevating misdemeanors to third-degree felonies and increasing penalties for higher-level offenses. The law also allows victims whose images or likenesses were used fraudulently to pursue legal action, while the Federal Trade Commission recommends protective measures such as avoiding unknown emails, securing personal information,
indiatoday.in
A 57-year-old man from Mangaluru lost Rs 56.7 lakh in a task-based scam where he was initially promised small payments for liking and subscribing to YouTube videos, then lured into depositing increasingly larger amounts through a Telegram group with false promises of high returns. After receiving minimal returns totaling Rs 52,000, the scammers stopped responding and disappeared, prompting the victim to file a case with cyber police under the Information Technology Act and Bharatiya Nyaya Sanhita. The incident highlights a growing trend of social media-based fraud where victims are baited with easy money schemes before being exploited for larger deposits.
larimer.gov
An 85-year-old man and 83-year-old woman in California fell victim to a tech support scam after clicking a popup that directed them to call "Microsoft Support Services"; the suspect collected $30,000 from them in person and later attempted to extort an additional $70,000 in gold bars. Arashdeep Dhaliwal was arrested in April 2024 when he returned to collect the gold and subsequently pleaded guilty to felony theft, receiving 30 days jail time at work release, 3 years supervised probation, and ordered to pay $30,000 in restitution to the victims.
financial-planning.com
Charles Schwab is facing a federal lawsuit filed by an 84-year-old man and his 76-year-old wife who allege the financial firm failed to prevent scammers from stealing $18.5 million of their retirement savings. The fraud involved hackers posing as Schwab and law enforcement representatives who manipulated the couple into transferring nearly $30 million to a cryptocurrency exchange, with $18.5 million ultimately converted to crypto and sent to the scammers. This is the third similar lawsuit against Schwab in less than two months, highlighting a broader elder fraud crisis affecting seniors nationwide.
wthr.com
Two New Castle correctional officers, Martins Chidiobi and Lawrence Onyesonwu, pleaded guilty to aggravated identity theft after stealing personally identifiable information from at least five inmates and using their identities to open nine fraudulent bank accounts, through which $331,282 was deposited—most withdrawn as cash or transferred to Nigerian accounts originating from romance scams and other fraud schemes. Both men were sentenced to three years in prison, followed by two years of supervised release and $5,000 fines each.
valleybreeze.com
Elder fraud complaints rose 14 percent nationally in 2023, resulting in $3.4 billion in losses, with Rhode Islanders over 60 losing $7.4 million to scams. U.S. Sen. Jack Reed, AARP Rhode Island, and the Rhode Island State Police held an Elder Fraud Prevention Summit to educate older adults on detecting and reporting fraud, emphasizing that tech support, romance, and investment scams are among the most common schemes targeting seniors. Experts stressed that victims should report incidents immediately and stay informed about evolving scams, noting that sophisticated criminals use artificial intelligence and psychological manipulation rather than targeting inherent vulnerabilities in older adults.
einpresswire.com
Nearly 80 million U.S. consumers (30% of the population) lost an average of $545 to scams between 2020-2024, with identity theft being the most common type and romance scams causing the largest financial impact at nearly $2,000 per victim. While 69-74% of victims recovered some losses through their banks or credit card issuers, over half considered switching financial institutions, and consumers identified advanced fraud detection and AI-based monitoring technologies as the most important safeguard against future scams.
bankingjournal.aba.com
Crypto investment scams have cost Americans billions of dollars, typically beginning with confidence or romance scams before escalating to demands for larger investments. FBI and CFTC officials discuss common typologies, warning signs for financial institutions, and how banks can partner with law enforcement to combat these schemes. The agencies have jointly developed educational materials to help identify and prevent crypto investment fraud.
mcknightsseniorliving.com
Older adults reported $1.9 billion in fraud losses in 2023, though the FTC estimates actual losses may have reached $61.5 billion when accounting for underreporting. Adults aged 60+ are significantly more vulnerable to specific scam types, including tech support scams (5x more likely), prize/lottery scams (3x more likely), and investment scams (which increased 34% year-over-year), with romance and business imposter scams also rising notably. The FTC and Senate Special Committee on Aging are expanding consumer education programs and partnerships to combat these increasingly sophisticated scams.
abnnewswire.net
Research from 2024 found that approximately 30% of U.S. consumers lost money to scams between 2020-2024, with nearly 80 million Americans affected and average losses of $545 per victim. Identity theft was the most common scam type (24% of victims), while romance scams caused the highest financial impact with average losses of nearly $2,000 and longer victim engagement. Nearly 70% of victims recovered some losses through their banks, though 54% considered switching financial institutions following the incident, with 59% identifying enhanced fraud detection technology as the most important fraud safeguard.
ahmedabadmirror.com
This educational article outlines common online scams targeting consumers during Cybersecurity Awareness Month, including romance scams (which prey on isolated individuals over extended periods), job scams (impersonating recruiters to steal money or personal information), investment scams (get-rich-quick schemes often involving cryptocurrency), and quiz scams (harvesting personal data for account breaches). The article provides warning signs and protective measures for each scam type, such as reverse-image searching suspicious photos, verifying job offers directly with companies, researching investment opportunities independently, and avoiding online quizzes that collect personal information.
cnn.com
Hundreds of elderly Americans, including those with dementia, have been victimized by deceptive political fundraising tactics from both Republican and Democratic campaigns, with vulnerable donors unknowingly giving away millions of dollars through relentless text messages and emails that automatically enrolled them in recurring donations. A CNN investigation identified over 1,000 government complaints and found that elderly donors lost more than $6 million in a small sample alone, with some individuals giving away six-figure sums from their life savings, predominantly to Republican candidates and former President Donald Trump. The predatory practices exploit cognitive decline by making false urgent pleas for money appear to come directly from major candidates, draining bank accounts without donors' knowledge or consent
wnyt.com
A 21-year-old Boston man was arrested for his role as a courier in a tech support scam that defrauded a 75-year-old Berkshire County resident of approximately $420,000 between June and October 2024. The victim was targeted via a computer pop-up claiming to be from Microsoft, then deceived into believing he was involved in money laundering and instructed to withdraw cash in installments and hand it to couriers; the suspect was arrested after delivering a box of cash to an undercover officer posing as the victim. Urvishkumar Vipulkumar Patel was charged with conspiracy to commit wire fraud and release
justice.gov
Two correctional officers at an Indiana prison, Martins Tochukwu Chidiobi and Lawrence Onyesonwu, were sentenced to three years in federal prison for stealing personally identifiable information from at least five inmates and using their identities to open fraudulent bank accounts between 2015 and January 2019. The defendants received at least $331,282 in fraud proceeds through these accounts, primarily from romance scam victims, and withdrew most funds as cash or transferred them to Nigerian bank accounts. Both men were also ordered to pay $5,000 fines and serve two years of supervised release following their prison sentences.
consumervoice.uk
Citizens Advice research found that approximately 9 million people in the UK (18% of the population) fell victim to financial scams in the past year, with over three-quarters of victims exposed through social media. The most common scams included fake debt advice (3 million affected), friend-in-need scams (2.5 million), pension scams (2.5 million), investment scams (2.5 million), and parking QR code fraud (2.5 million), with one cryptocurrency trading scam victim losing his savings, home, and health after being pressured into a fake trading platform.
inews.co.uk
Hundreds of pensioners lost their life savings to pension scammers in recent years, with 559 reported cases in the last year resulting in £17.75 million in losses and an average loss of £46,959 per victim. Pension scams take various forms—including fake pension reviews, unauthorized early withdrawals, and fraudulent transfer schemes—and have proliferated through social media and online advertising, exacerbated by economic uncertainty and the cost-of-living crisis. Experts argue the UK's pension fraud reporting system is inadequate and call for greater preventative measures and bank protections for vulnerable older customers.
theguardian.com
Meta announced a trial program using facial recognition technology to combat celebrity investment scam ads, comparing ad images against public figures' profiles to detect and remove fraudulent content in real time. The December rollout will involve 50,000 opt-out celebrities or public figures worldwide, with the same technology also enabling account recovery through video selfies. Meta acknowledged that while early testing shows promising results, some scams will inevitably slip through as scammers continuously adapt their tactics, and the company faces lawsuits from Andrew Forrest and the Australian Competition and Consumer Commission over its failure to prevent scams using their images.
bbc.com
Meta is deploying facial recognition technology to combat celebrity scam advertisements on Facebook and Instagram, which fraudulently use celebrities like Elon Musk and Martin Lewis to promote investment schemes and cryptocurrencies. The system compares flagged ad images against celebrities' profile photos to automatically delete confirmed scams, with early testing showing promising results. Additionally, Meta is testing facial recognition for account recovery while acknowledging that scammers increasingly use deepfake technology to create more convincing fraudulent endorsements.
wgal.com
The Federal Trade Commission's "Protecting Older Consumers" report found that older adults reported losing over $1.9 billion to fraud in 2023, though the true total is estimated at $61.5 billion when accounting for unreported cases. Seniors are reluctant to report fraud due to embarrassment and fear of losing independence, and they suffer significantly higher average losses ($918) compared to younger victims ($432). The three most common scams targeting older people are tech support scams, lottery/sweepstakes scams, and romance scams, with payments typically made through Bitcoin or gift cards.
makeuseof.com
Social media scammers use four primary tactics to defraud users: phishing attacks that mimic trusted sources to steal personal information, fake profiles impersonating friends or family to request money or sensitive data, fraudulent giveaways and job offers designed to capture credentials or personal information, and romance scams involving lengthy deception to build trust before financial exploitation. Users can protect themselves by avoiding unsolicited messages and suspicious links, verifying suspicious contacts through alternate communication methods, checking for warning signs like poor grammar and unverified accounts, and researching companies before responding to job offers.
thepaypers.com
This is an introductory piece for The Paypers' 2024 report on fraud detection technologies, not a news article about a specific fraud incident.
**Summary:** The report documents rising fraud challenges in financial services, with authorized fraud growing 22% in 2023 and average fraudulent transaction amounts increasing 43% to $3,222. The inaugural Next-Gen Tech to Detect Fraud and Fincrime Report 2024 examines emerging threats including APP fraud, investment scams, and romance scams, while exploring how financial institutions can leverage AI, data sharing, and regulatory compliance strategies to combat financial crime in an evolving threat landscape.
berkshireeagle.com
A 75-year-old North Adams man lost over $400,000 in a tech support scam that operated from June to September, in which a caller posing as a federal agent convinced the victim to withdraw cash and hand it to couriers, claiming he was implicated in money laundering. Boston resident Urvishkumar Vipulkumar Patel, 21, was arrested after an FBI sting operation at the victim's home and charged with conspiracy to commit wire fraud; he claimed he was hired to pick up packages and deliver them for a cut. The FBI advises that legitimate federal agencies never request money by phone or send couriers to collect funds
justice.gov
Nathaniel Wills, a 34-year-old accountant and Director of Administration in Indiana, stole approximately $952,237 from his employer over 18 months (August 2020 to February 2022) by fraudulently transferring funds to his personal accounts and falsifying accounting records to conceal the theft. Wills used the stolen money to pay personal debts and fund online gambling, causing substantial financial hardship to his employer and employees. He was sentenced to 41 months in federal prison, three years supervised release, and ordered to pay $877,507 in restitution.
aws.amazon.com
This article describes Wipro and AWS's development of an Intelligent Financial Fraud Detection (IFFD) solution designed to address gaps in traditional fraud detection systems. The system uses AI and deep learning to detect fraud in real-time, with particular focus on elder fraud, which the FBI reported affected over 101,000 people age 60+ in 2023 with losses exceeding $3.4 billion. IFFD aims to reduce false positives to under 5% while identifying emerging threats like investment scams, romance scams, and grandparent scams before funds are transferred.
wbrz.com
The East Baton Rouge Seniors and Law Enforcement Together (SALT) hosted its annual SALT Expo at the Baker Municipal Auditorium to educate local seniors about current financial fraud schemes and scams. The event featured vendors and law enforcement personnel from around the area who provided resources and contact information, emphasizing the importance of seniors reaching out to authorities or trusted contacts when encountering suspicious activities.
atlantafed.org
In 2023, Americans over 60 lost more than $3.4 billion to fraud—an 11 percent increase from 2022—with investment, tech support, email, and romance scams being the most common schemes. The author emphasizes that decline in financial judgment is an early sign of dementia, and recommends that families maintain regular voice contact with elderly relatives, monitor credit reports, apply credit freezes, and stay informed about legal and financial documents to prevent scams and elder fraud. Early intervention through personal relationships and periodic check-ins can help stop scammers before victims suffer financial loss.
coinmarketcap.com
Hong Kong police dismantled a sophisticated cryptocurrency investment scam network on October 9, detailing 27 suspects (aged 21-34) who used AI-generated deepfakes and fake online personas to defraud victims of approximately $46 million through romance schemes. The operation, discovered in a 4,000-square-foot facility in Hung Hom, employed university graduates as technical experts and featured detailed training manuals in multiple languages to manipulate victims into fraudulent crypto investments, with suspects linked to China, Taiwan, India, and Singapore.
cnet.com
Meta is testing new facial recognition tools to combat "celeb-bait" scams on Facebook and Instagram, where scammers use celebrity images in fraudulent ads to steal money and personal information from users. The technology compares faces in suspected scam ads to verified celebrity profiles to block fraud faster, and will also allow users to regain account access via video selfie verification rather than traditional document submission. Early testing showed promising results in detecting and preventing scam ads, though Meta stated the facial data will be deleted after use and noted privacy concerns that led to the company shutting down its previous facial recognition system in 2021.
about.fb.com
Meta announced the expansion of facial recognition technology across its platforms (Facebook, Instagram) in the EU, UK, and South Korea to detect and remove celebrity-impersonation scams ("celeb bait"), where scammers use public figures' images to lure users to fraudulent websites requesting money or personal information. Since deploying these anti-scam measures, user reports of celebrity-bait ad scams dropped 22% globally in the first half of 2025, with facial recognition technology more than doubling the detection rate of such scams; the technology now protects nearly 500,000 public figures while remaining optional for users.
au.finance.yahoo.com
An Australian couple lost $1,000 from their Centrelink payments after scammers impersonating a charity deceived them into providing sensitive information including their driver's license and myGov details. The National Anti-Scam Centre warns that criminals are increasingly targeting financially vulnerable Australians by posing as legitimate charities and government assistance programs to steal personal information and divert payments. People should independently verify organizations offering financial assistance and never share personal identifying information through social media or unsolicited contacts.
nbcphiladelphia.com
**October is Cybersecurity Awareness Month, and experts emphasize protecting yourself from increasingly sophisticated scams using three key tactics: stay suspicious, stop to think, and stay protected.** Common scam methods exploit fear, urgency, and money incentives—such as fake tax return errors, impersonation of authority figures, and romance scams that can last years and target vulnerable individuals including seniors. Defensive measures include avoiding robocalls and suspicious texts, verifying contacts through official numbers, and using reverse-image searches to identify stolen photos used in romance scams.
azcentral.com
Americans lost an estimated $12.5 billion to online scams in the past year, with artificial intelligence-generated "deepfake" videos making investment frauds increasingly difficult to detect—the FBI estimates 39% of victims fell for deepfake-based schemes involving fabricated videos of business leaders, celebrities, or romantic interests. Scammers exploit AI to duplicate voices, crack passwords, and process large volumes of data, while most stolen money goes unrecovered, particularly when criminals demand payment in cryptocurrency and operate from overseas. Common defenses include using strong passwords, enabling two-factor authentication, and scrutinizing videos for unnatural movements, inconsistent lighting, and mismatched lip movements
globalnews.ca
October is Cybersecurity Awareness Month, and security experts outline key scam prevention strategies as sophisticated fraud tactics continue to evolve. Scammers commonly exploit fear, urgency, and money as bait through phishing emails, spoofed caller IDs, robocalls, romance scams, and impersonation schemes targeting vulnerable populations including seniors and isolated individuals. The article recommends staying suspicious, stopping to think before acting, and staying protected by verifying requests through official channels and using tools like reverse image searches to identify potential fraud.
ironmountaindailynews.com
Computer scams continue to evolve with increasing sophistication, affecting even experienced and intelligent computer users. This educational piece outlines eight prevalent scam types: imposter/impersonation scams, pig butchering scams (fake investment schemes), romance scams, payment app scams, online shopping scams, delivery scams, lottery scams, charity scams, and robocalls—each employing psychological tactics like creating false urgency, building trust, or exploiting guilt to manipulate victims into surrendering money or personal information. The article advises readers to remain vigilant and informed about these tactics regardless of their computer experience level.
abc17news.com
October is Cybersecurity Awareness Month, and experts advise consumers to protect themselves from increasingly sophisticated scams by remembering the "three S's": stay suspicious, stop and think, and stay protected. Common scam tactics exploit fear, urgency, and money; frequent targets include seniors and vulnerable populations through robocalls, phishing emails, impersonation of authorities, and romance scams—with one 70-year-old woman losing tens of thousands over several months to a romance scammer. Experts recommend hanging up on unsolicited calls and texts, calling official numbers to verify requests, and asking trusted younger relatives to reverse-image search suspicious photos.
thestar.com.my
Truong My Lan was sentenced to life in prison for masterminding Vietnam's biggest-ever scam, a US$27 billion fraud at Saigon Commercial Bank that defrauded approximately 36,000 people and equaled about 6% of Vietnam's 2023 GDP. Victims including diapers seller Nguyen Thi Huong (who lost US$20,000) and fish sauce seller Hoang Thi Cuc (who lost US$140,000) have expressed deep anger and lost trust in authorities, as the court ordered compensation with no details on payment timeline or implementation.
foxnews.com
Americans lost $5.6 billion to cryptocurrency scams in 2023, a 45% increase from 2022, with over 69,000 complaints filed to the FBI's Internet Crime Complaint Center. People aged 60 and older were disproportionately affected, reporting over $1.6 billion in losses across 16,806 complaints, primarily through investment fraud schemes and relationship-building scams that use fake websites and recovery schemes. Common tactics include scammers promising unrealistic returns via unsolicited contact, building trust through dating apps and social media before pushing crypto investment, and impersonating recovery specialists to steal additional funds from victims.
shinemycrown.com
An 81-year-old Maryland woman, Gladys Baxley, lost nearly $100,000 to a social security impersonation scam in which fraudsters posed as the Social Security Administration and sent a fake Supreme Court certificate to convince her to transfer funds to shell companies. Over several transactions, Baxley transferred $36,000 to Yongri Trading Inc., $58,000 to Shengya WS Inc., and $15,000 in cash before her son discovered the scam contained numerous grammatical errors. The fraud has left Baxley unable to afford her 30-year family home, though her bank is attempting recovery efforts.
financialplanningtoday.co.uk
In the first half of 2024, investment scams in the UK fell 29% to 3,647 cases, yet losses decreased by only 1% to £56.4 million, indicating that remaining scams are targeting larger sums, with investment fraud accounting for 26% of all authorized push payment scam losses. Overall APP fraud losses dropped 11% to £213 million across 97,344 cases, though only 53% of investment scam losses were recovered by payment service providers. Separate research revealed that 12% of UK adults lost money to financial scams in the past year, with victims losing an average of £1,111.21, and one-
chroniclelive.co.uk
Scammers are placing fake QR codes on UK car park parking machines to redirect drivers to fraudulent websites where they steal credit card details—a phishing tactic known as "quishing." To avoid falling victim, drivers should inspect QR codes for signs of tampering, verify URLs before clicking them, check for website security features and legitimate design, avoid sites requesting excessive personal information, and use official parking apps instead of scanning codes. The article provides five protective measures as QR code scams become an increasingly common threat at parking facilities across the UK.
news.sky.com
A Thai teenager named Poom-Jai was lured to Cambodia under false employment promises and forced to work in a "fraud factory" conducting "pig butcher" romance scams, where he manipulated lonely victims into investing money in fraudulent schemes before stealing it all. Across Southeast Asia, an estimated 300,000 scammers operating in heavily guarded compounds controlled by Chinese mafia have stolen at least £34 billion worldwide, with workers often trafficked, tortured, and imprisoned when they fail to meet targets or attempt escape. Poom-Jai eventually suffered beatings with electric batons when accused of theft and attempted a desperate escape from the compound.
ftc.gov
The Federal Trade Commission's 2023-2024 report on protecting older adults reveals that seniors reported losing over $1.9 billion to fraud in 2023, though the actual total is estimated at $61.5 billion when accounting for unreported cases. Older adults face disproportionate vulnerability to investment scams ($538 million in losses), tech support scams (5x more likely than younger adults), and romance scams, with cryptocurrency and bank transfers being the most costly payment methods used by fraudsters. The FTC's Scams Against Older Adults Advisory Group, created under the Stop Senior Scams Act, has implemented consumer education programs and developed industry training guidance to combat these
livebitcoinnews.com
Hong Kong police arrested 27 individuals operating a "pig butchering" romance scam ring that stole $46.3 million from victims across Mainland China, India, and Singapore. The scammers posed as romantic partners online and used AI deepfake technology and fake cryptocurrency investment platforms to deceive primarily male victims into transferring digital assets, which they never recovered. The operation was run from an industrial complex in Hong Kong's Hung Hom neighborhood and employed trained staff and contracted developers to execute the scheme.
thepaypers.com
In the first half of 2024, criminals stole £571.7 million through unauthorized and authorised fraud in the UK, a 1.5% decrease from 2023, though unauthorized fraud cases rose 19% to over 1.5 million incidents with card-not-present fraud increasing 26%. Authorised push payment (APP) fraud losses declined 11% to £213.7 million, with notable decreases in romance scams, investment scams, and impersonation fraud, and 59% of APP losses were recovered and returned to victims. Banks prevented £710.9 million in unauthorized fraud through security systems, with 98% of unauthorized fraud victims fully
yourmoney.com
UK Finance's Half Year Fraud Report 2024 revealed a 16% rise in fraud cases compared to 2023, though total losses decreased 1.5% to approximately £1.5 billion. Authorized push payment (APP) fraud cases dropped 16% to 97,344 with losses falling 11% to £213.7 million, while romance scams, investment scams, and impersonation scams also declined; however, unauthorized fraud on cards, cheques, and remote banking surged 19% to 1.5 million cases totaling £358 million. Only 59% of fraud losses were returned to victims, though banks prevented £710.