UK payment fraud losses hit £1.28 billion in 2025 as criminals increasingly use AI-powered deepfakes, cloned voices and synthetic identities to impersonate trusted people, according to UK Finance. Aut…
Columnist Rachel Rickard Straus warns about AI-powered voice cloning scams and advises never saying 'hello' first when answering unknown calls. She cites a Financial Conduct Authority report predictin…
The City of London Corporation launched a digital identity framework to combat AI-enabled fraud, estimating it could unlock over £5bn for the UK economy. The system, developed with EY and Hogan Lovell…
UK Finance reported overall fraud losses of £1.3bn in 2025, up 11% year-on-year, with authorized push payment losses rising 19% to £576.4m, the highest since 2021. Security vendor Pindrop recorded a 1…
Fraud cases in the UK surged to 4.1 million in 2025, with losses of nearly £1.3bn, as criminals increasingly use AI to manipulate victims, including marrying romance scam targets. UK Finance calls for…
Fraud losses in the UK surged by nearly a fifth to £576.4 million in 2025 as criminals increasingly use artificial intelligence to manipulate victims, according to UK Finance. AI has lowered the barri…