Section

Fraud & Payments

Account takeover, scams, authorized push payment fraud and the controls banks and fintechs use to stop them.

What the UK’s APP fraud reimbursement rules changed for fraud teams

Since October 2024, UK payment firms split the cost of reimbursing most authorized push payment scam victims. The incentive to stop scams moved to the receiving side too.

[Editor Name] · Sep 12, 2026

Explainer · Account takeover

Why OTP bots keep working against bank customers

Automated calls that impersonate a bank get customers to hand over one-time passcodes in real time. The weakness is the code itself.

[Editor Name] · Sep 1, 2026

Key terms

Account takeover (ATO)Criminal control of a legitimate account.
APP fraudScams where victims authorize the payment themselves.
OTP botAutomated calls that trick victims into reading out codes.