Authorised Push Payment (APP) fraud, also known as “push payment fraud,” is a type of scam where the victim is tricked into authorising a bank transfer to a fraudster. Unlike traditional fraud methods, such as credit card fraud or identity theft, APP fraud involves the victim actively making the payment themselves, often believing the transaction is legitimate. Criminals often pose as trustworthy entities, such as a bank, government agency, supplier, or even a family member, to manipulate the victim into making the transfer.

 

APP fraud has been steadily increasing in recent years, largely driven by the rise of digital banking and online transactions. With the widespread use of mobile banking apps and easy-to-use online payment platforms, fraudsters are finding it easier to exploit unsuspecting individuals and businesses. The victims are often contacted via email, phone calls, or even social media, where they are pressured into transferring funds under false pretenses. Common scams include fake investment opportunities, urgent calls for help from family members, or fraudulent invoices claiming payment for services that were never rendered.

 

The rise in APP fraud cases has caused widespread concern in the financial sector, as many banks do not automatically reimburse victims of these scams. This has left many individuals and businesses at risk of significant financial losses, as there is no automatic protection for authorised transactions.

 

APP Fraud Prevention

Preventing APP fraud is a collective effort that involves both individuals and financial institutions. Here are several key measures that can help protect against these types of scams:

 

Awareness and Education

The best way to prevent falling victim to APP fraud is to stay informed. Understand the tactics used by fraudsters, such as impersonating trusted individuals or institutions. If you receive a suspicious message, phone call, or email asking for money, take a step back and verify the request through official channels before making any transactions.

 

Verify Payment Details

Always double-check the payment details when transferring funds, especially if the request seems unusual or urgent. Contact the recipient directly through trusted communication methods, rather than using the contact information provided in the suspicious message.

 

Use Multi-Factor Authentication (MFA)

Enabling multi-factor authentication for your online banking can provide an additional layer of protection. MFA requires more than just a password to authorise a transaction, making it more difficult for fraudsters to gain access to your account.

 

Report Scams Promptly

If you believe you’ve been targeted by an APP scam, report the incident to your bank immediately. Financial institutions can sometimes prevent or reverse fraudulent transactions if they are notified quickly.

 

Stay Cautious with Unsolicited Requests

If you receive unsolicited communications requesting payment, especially from unfamiliar sources, proceed with caution. Scammers may use fear tactics, such as claims of a limited time offer or an emergency situation, to pressure you into acting quickly without thinking.

While prevention is the best defense, it’s important to be vigilant and act quickly if you suspect you’ve been targeted by an APP scam.

 

How Muldoon Britton Can Help

If you have been the victim of APP fraud, it can be difficult to know where to turn for help. At Muldoon Britton, we understand the financial and emotional toll that these scams can take. We are here to help you take back control.

 

Our team of experienced solicitors is here to guide you through the complex process of recovering lost funds and holding the fraudsters accountable.

 

Being a victim of APP fraud can feel overwhelming, but with the right legal support, you do not have to face it alone. If you or someone you know has been targeted by an APP scam or is struggling to recover stolen funds, contact Muldoon Britton today. Our dedicated team is here to help you take control of the situation and fight for the return of your money. Let us help you navigate the complexities of the legal process and ensure that justice is served.