UK payment fraud hits £1.28 billion in 2025 as online scams drive losses
By
Connor Jones
21d ago· 4 min readenNews
Summary
Brits lost £1.28 billion ($1.7 billion) to payment fraud in 2025, a 4% increase from the previous year, according to UK Finance. Two-thirds of scams originate on online platforms, particularly through social media adverts, while telecoms networks also play a significant role. The report highlights the persistent and growing threat of impersonation scams and payment fraud affecting UK consumers.
Source
bskyUK payment fraud hits £1.28 billion in 2025 as online scams drive lossestheregister.comKey quotes
· 3 pulledBrits lost £1.28 billion ($1.7 billion) to payment fraud last year as scams continued to thrive on online platforms and telecoms networks
The 2025 losses represent a modest four percent rise on the previous year
Two-thirds (66 percent) of incidents start with online platforms, such as scams promoted through social media adverts
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