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TSB is issuing a warning for UK bank account holders - who run the risk of a spike in purchase fraud. TSB data shows purchase scams now account for 63% of all bank transfer fraud cases reported by its customers – up from 52% in 2024.

The bank also recorded an 11% year-on-year increase in the volumes of purchase fraud cases between January and September 2025, with victims losing an average of £452 per scam.

Purchase fraud is a key driver of fraud cases across the banking sector, as UK Finance fraud data recently revealed that purchase scams account for 72 percent of all fraud cases, and at a cost of £53 million in the first half of this year.

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