APP Fraud costs the UK economy billions of pounds each year, impacting individuals and businesses nationwide. While consumers, regulators and the banking industry have made huge progress in tackling banking fraud in recent years, there is more that needs to be done.

In response to this issue, the APPG has produced a report investigating APP Fraud, considering its scale, impact and the efficacy of APP Fraud regulation.

The APPG’s research into APP Fraud is ongoing, with this report providing a crucial first investigation into the issue.