Electronic Funds Transfer: Fraud
(asked on 11th October 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment he has made of trends in the level of push payment fraud.
Answered by
Felicity Buchan
Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
This question was answered on 11th October 2022
The Government recognises the growing threat to consumers by Push Payment fraud, with increasingly sophisticated scams that can be detrimental to people’s lives.
Specific data on the levels of APP fraud is collected by the Payment Systems Regulator and by UK Finance. The latter regularly issues this data in publicly available documents.