app fraud

The UK and Europe are experiencing a massive increase in mobile fraud. Consumers, businesses, and government agencies are alarmed and pondering their next steps as they prepare to deal with several emerging trends that have surfaced in 2024.

APP fraud has emerged as a pressing national issue in the UK. In 2022 alone, losses attributable to APP fraud reached a staggering £583 million. Experiencing a 39% surge from the prior year, APP scams now stand out as a predominant fraud threat to British businesses and consumers.