Daniel Dodman: Helping clients deal with APP fraud

Everything advisers need to know

clock • 6 min read

Lawyer Daniel Dodman sets out everything advisers need to know about APP fraud and outlines how to help clients cope in a crisis

Have you noticed extra warnings from your bank when sending money electronically? Have clients introduced email banners warning you about the increased risk of scammers? Sophisticated fraud is rife in lockdown Britain and a particular scam known as an authorised push payment fraud, or "APP" fraud, has become the go-to option for fraudsters across the UK. In the first part of 2019, Britons lost £207m to APP fraud, amounting to a 40% increase from the same period in 2018. This figure is expected to be considerably higher this year with fraudsters taking advantage of uncertainty thrown u...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

MPs urge one-year delay to farm inheritance tax reforms

MPs urge one-year delay to farm inheritance tax reforms

Cross-party EFRA committee warns proposed IHT changes risk harming vulnerable farmers

Sahar Nazir
clock 16 May 2025 • 2 min read
Behind the advice: The hidden mental health struggles of financial advisers

Behind the advice: The hidden mental health struggles of financial advisers

As Mental Health Awareness Week spotlights wellbeing across industries, advisers speak out

Sahar Nazir
clock 16 May 2025 • 7 min read
IHT on pensions overhaul risks fuelling scams against 'fearful' public

IHT on pensions overhaul risks fuelling scams against 'fearful' public

Claire Trott calls for clarity on 2027 Budget reform that will bring pensions into estate tax scope

Sahar Nazir
clock 16 May 2025 • 3 min read