House of Commons Library’s Banking Fraud briefing reveals £1.28B lost to banking scams in 2025, with only 4% of fraud cases referred to police for investigation, flagging major challenges in tackling FC

UK Finance recorded £703 million in unauthorised fraud and £576 million in authorised push-payment fraud, while government data showed that banking and other fraud affected around one in 14 adults. The briefing also draws together criticism from the Home Affairs Committee, the policing inspectorate and the National Audit Office concerning fragmented enforcement, low police prioritisation and insufficient preventative action by technology and financial-services companies…