Dossier
authorized push payment (APP) fraud
Coverage of authorized push payment (APP) fraud in the Nexus archive.
- When the Caller Knows Your Name: Cyber Fraud, Banks, and What America Can Do About It
Cyber fraudsters use AI and stolen data to trick victims into authorizing fund transfers, with organized groups like nation-state actors and criminal gangs driving the rise in scams. The Federal Trade Commission reports Americans lost $16 billion to fraud in 2025, including $3.5 billion from imposter scams targeting bank customers.