Scammers steal half-a-billion pounds from UK banking customers

Industry group UK Finance said £145m of that was due to authorised push payment (APP) scams, in which people are conned into sending money to another account.

But £358m was lost to unauthorised fraud, which includes transactions made without account holders’ knowledge.

Unauthorised fraud victims are usually refunded by their banks, but most victims of APP fraud do not get their money back.