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...

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