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

Trade bodies should sponsor new talent initiatives, industry says

Trade bodies should sponsor new talent initiatives, industry says

‘Trade bodies and FCA are both funded by us so should be giving back more’

Isabel Baxter
clock 15 April 2024 • 1 min read
PA Asks: Is the FCA's funding requirement of £755m reasonable?

PA Asks: Is the FCA's funding requirement of £755m reasonable?

This week’s poll also looks at stress levels and client segmentation

Professional Adviser
clock 15 April 2024 • 1 min read
Adviser interest decreases in income-focused funds

Adviser interest decreases in income-focused funds

According to the quarterly Market Intelligence report from Square Mile

Sahar Nazir
clock 12 April 2024 • 1 min read