<ul><li>UK banks and payment firms are urged to strengthen their anti-fraud systems for international payments due to an increase in scammers tricking people into sending money abroad.</li><li>Cases of authorised push payment (APP) scams decreased by 20% last year, but the total amount lost to APP fraud only decreased by 2% to £450m.</li><li>A notable increase in APP scams involving international payments has been observed, with victims unlikely to get their money back as these transactions are not covered by the new reimbursement rules.</li><li>Fraud tactics in the UK and Europe include fake sales websites, malicious app scams, 'ghost taps' using card details, and AI-driven identity fraud.</li></ul>

UK banks urged to beef up anti-fraud systems for international payments

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