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

Aveni forms AI advisory board with wealth management leaders

Aveni forms AI advisory board with wealth management leaders

Senior execs from Aviva’s Succession Wealth, Schroders Personal Wealth, 7IM and Rathbones join forum

Sahar Nazir
clock 01 July 2025 • 2 min read
Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read
How can firms improve client engagement with wealth products?

How can firms improve client engagement with wealth products?

Consumer first focus; Simplifying prodcut information

James Wood
clock 30 June 2025 • 4 min read