The Guardian: UK banks urged to strengthen anti-fraud controls as international payment scams surge and new sophisticated tactics emerge

While recent regulations requiring refunds for domestic APP fraud victims have helped reduce the number of cases, the total financial losses remain high as scammers target fewer victims but extract larger sums, particularly through overseas transfers that fall outside current reimbursement rules. Emerging fraud tactics-such as fake sales websites, malicious apps, remote “ghost tap” contactless payments, and AI-driven identity fraud…