Business & Technology
UK bank scam attempts rise 62% as fraudsters shift tactics
Attempted social engineering scams at UK banks rose 62% in 2025, according to BioCatch data covering more than 100 million retail banking accounts at nine UK lenders.
The fraud specialist said the increase reflects a broader shift towards authorised fraud, with criminals focusing more on manipulating customers than on older account-takeover methods.
Its report found that purchase scams rose 63%, romance scams 47% and investment scams 34% over the year. Phishing attempts more than doubled, up 140%, while fraud linked to stolen devices jumped 112%.
By contrast, remote-access fraud and malware-related fraud both declined, suggesting some traditional attack routes are becoming less prominent as banks tighten controls and criminals adapt.
Reported mule accounts also increased 16%, which may reflect both the continued spread of mule networks and stronger detection by banks.
Fraud shift
The findings add to evidence that customer behaviour has become a central point of vulnerability for banks. Authorised fraud, in which victims are persuaded to approve payments or grant access themselves, has become a persistent concern for lenders, regulators and law enforcement in the UK.
Tom Peacock, director of global fraud intelligence at BioCatch, said the rise in scam activity reflected a longer-term change in tactics.
“The continued growth of social engineering scams in the UK likely surprises no one. As banks bolstered their controls to protect customers from third-party fraud, fraudsters mastered the art of social engineering and haven’t looked back. Our data shows substantial increases in attempts across many scam types in 2025, highlighting just how pervasive authorised fraud has become in the UK,” Peacock said.
The report also highlighted the use of stolen mobile phones and other devices. BioCatch linked the sharp increase in stolen-device fraud to weaknesses that emerge when criminals gain control of a trusted handset already used for digital banking.
Jonathan Frost, global advisory director at BioCatch, pointed to crime data and insurance claims as evidence of the scale of the problem.
“In London alone, Metropolitan Police data shows us more than 70,000 phones were reported stolen in 2025. Insurance industry data shows the UK makes up 40% of all stolen device claims across Europe. If these devices are not well secured, criminals can profit in two ways: They can either sell the device or use it to commit fraud by bypassing normal security checks. Those criminals who do both will see significant gains for relatively little risk. Stolen devices undermine strong customer authentication. To address this, financial institutions should continuously assess behavioural intent, because once a bad actor has control of a trusted device, they can often commit fraud with relatively little friction,” Frost said.
Industry response
The report also raises questions about whether the response from the industry and regulators is keeping pace with changing fraud methods. The debate has become more urgent as banks invest more in fraud controls while criminals shift towards techniques that rely less on technical intrusion and more on impersonation, coercion and deception.
Katy Worobec, director at Azymus Consilium Fraud Consultancy and former managing director of economic crime at UK Finance, said tackling the problem depended on identifying threats earlier and improving intelligence sharing.
“Winning the battle against fraud ultimately rests on the ability to identify and disarm the enemy at an early stage. Collation and exchange of intelligence between trusted allies is vital … Individual technologies and tools at the vendor level play their part too, gleaning information from the enemy by stealth, identifying behaviours, patterns, and signals that indicate whether transactions and interactions with organisations are genuine,” Worobec said.
The study was based on proprietary data from BioCatch customer institutions in the region. It also includes analysis of deepfakes in digital onboarding, highlighting another route through which identity checks may come under pressure as synthetic media tools become easier to use.
The latest figures suggest UK banks are making progress against some legacy forms of account compromise, but are still contending with fast-growing scam methods built around persuasion, impersonation and access to trusted devices.
Across the nine banks in the study, attempted social engineering scams, phishing and stolen-device fraud all rose sharply in the same year that malware and remote-access fraud declined.
Business & Technology
Your.Cloud acquires Pure Cloud Solutions in UK push
Your.Cloud has acquired Pure Cloud Solutions, expanding its presence in the UK market.
Pure Cloud Solutions is a managed IT and telecoms provider based in Tamworth. It serves businesses across the West Midlands and elsewhere in the UK and Europe, and will continue to trade under its existing name with its current team and leadership.
The acquisition adds another UK business to a group that operates through more than 40 companies across several European countries. Your.Cloud employs about 1,500 people and generates annual turnover of more than €350 million.
Your.Cloud backs local managed service providers while allowing them to keep their brands and customer relationships. Pure Cloud Solutions will continue to be led by Chief Executive Officer Jamie Lake.
The Tamworth company was founded in 1990 by Martin Lake and Darren Lake. It began in telephony and structured cabling before expanding into cloud, connectivity and managed IT services over more than three decades.
UK expansion
The deal is part of Your.Cloud’s push to build a broader managed services business in the UK and Europe. Financial terms were not disclosed.
For Pure Cloud Solutions, the acquisition comes as demand in the IT services market continues to shift, particularly around cybersecurity and artificial intelligence. The company said day-to-day customer relationships would remain unchanged after it joins the group.
Jamie Lake, Chief Executive Officer of Pure Cloud Solutions, said: “We’ve spent over 35 years building something we’re proud of – a business that genuinely knows its clients and delivers without the nonsense. Joining Your.Cloud lets us keep doing exactly that, while giving us the backing to move faster and offer more. The market is changing quickly, particularly around AI and cybersecurity, and being part of the Your.Cloud group gives us the platform to stay ahead of it. Nothing changes for our clients in terms of who they deal with – but a lot more becomes possible.”
Local model
Your.Cloud has built its business through a decentralised model focused on acquiring and supporting managed service providers in local markets. Those businesses keep their identities while drawing on shared expertise and resources across the group.
That approach has helped it build a network of companies serving more than 25,000 businesses across Europe in areas including workspace, security, infrastructure and connectivity. Pure Cloud Solutions now joins that portfolio as Your.Cloud seeks to expand further in the UK.
Nils Vermeulen, who oversees the TICTS segment at the group, said Pure Cloud Solutions fits the type of business Your.Cloud wants to add in the market. He cited its customer relationships and management team as key reasons for the acquisition.
Nils Vermeulen, General Manager of the TICTS Segment at Your.Cloud, said: “Jamie and his team have built a genuinely strong business – one with deep client relationships and a clear sense of what good service looks like. That’s exactly the kind of business we look to partner with. Pure Cloud Solutions’ track record and entrepreneurial leadership make them a valuable addition as we continue to expand across the UK. We’re delighted to welcome them to the group.”
Business & Technology
Recruiters warn AI may be screening out strong candidates
CV-Library has published UK survey findings showing that 35% of recruiters say AI tools are causing them to miss out on strong candidates. The study also found that 27% believe strong applications are filtered out before interview.
The research is based on responses from 424 recruiters and employers and 1,067 candidates across the UK.
The figures highlight growing concern about automated screening in recruitment as employers handle larger volumes of applications. More than four in five recruiters, 83%, use AI to speed up hiring, while 28% use it to manage high application numbers.
Even so, recruiters appear unconvinced by some of the outcomes. Just 36% said AI improves speed-to-hire, while 20% reported an overall decline in candidate quality where AI is used.
Candidate frustration
Among jobseekers, 53% said they believe their application has been rejected by AI without any human review. Another 46% said unfair rejection is one of their biggest frustrations when looking for work.
The findings suggest this frustration is changing behaviour. CV-Library found that 40% of jobseekers have abandoned, or considered abandoning, an application because AI was used in the process, particularly when bots were deployed for screening.
One candidate described automated interviewing in stark terms. “Being interviewed by an AI bot felt incredibly alienating – there’s no feedback or human interaction, so you have no idea how you’re coming across. It feels like you’re being filtered out, and with so little real communication, it’s easy for the effort you put in to be completely overlooked,” said David, a part-time bartender.
Younger applicants were the most sceptical about the technology. Nearly two-thirds of Gen Z respondents, 64%, said they suspect AI is responsible for rejecting them at early stages of hiring, compared with lower levels among older age groups.
Gen Z was also the group most likely to cite unfair rejection as a frustration, at 53%, compared with 47% of Millennials and 46% of Gen X respondents.
Another jobseeker said AI had become difficult to avoid in the hiring process. “I stayed away from initial interviews with AI platforms – there’s no human interaction and it’s entirely impersonal. But now AI is in human calls too, taking notes during interviews. After three months without a job, what am I supposed to do? If AI is going to be a gatekeeper, I may as well use it to help me get through those gates,” said Simon.
Limits of AI
The survey suggests recruiters see clearer benefits from AI in administrative tasks than in assessing applicants themselves. Respondents said the technology performs best when writing job descriptions, cited by 63%, and handling tasks such as interview scheduling, cited by 38%.
Confidence fell sharply when recruiters were asked about more subjective parts of hiring. Some 72% said AI struggles to identify cultural fit, while 55% said it performs poorly at assessing soft skills.
That gap appears central to the headline finding that employers may be losing suitable candidates despite wider use of automated systems. The study suggests that speed and scale remain the main reasons for adoption, but recruiters still see a need for human judgement when reviewing applications and assessing people.
Lee Biggins, Chief Executive Officer and Founder of CV-Library, said: “Candidates have long felt that the human touch is ebbing away from the hiring process and that good people are getting screened out unfairly. This insight from recruiters in both agencies and businesses suggests their frustrations may be justified.
“It’s a timely wake-up call that not everything should be outsourced to AI, especially in recruitment where every candidate is unique. It can add value by automating some laborious processes, but good recruiters are using it to support human intuition, not replace it.”
CV-Library also set out steps for employers using AI in recruitment, including human oversight, clearer communication with candidates about where AI is used, and regular audits of tools to check for errors or bias. It said employers should keep automated systems focused on administrative work and leave final judgement on skills, personality and fit to recruiters and hiring managers.
The findings were also supported by case studies from jobseekers who agreed to share their experiences of AI-led hiring.
Business & Technology
Tesco confirms major change in UK supermarket ‘first’
The UK’s biggest grocer described the move as “one of the most revolutionary retailing improvements in decades” which would give customers access to a host of information about products via their smartphones.
QR codes will be applied to the packaging of 13 lines of Tesco’s own-brand sausages including Tesco Pork Sausages, Tesco Pork Chipolatas, Tesco British Pork Sausage Meat as well as British Cumberland Sausages and British Lincolnshire Sausages.
The codes can be used to provide additional product information to customers such as nutritional content, with shoppers being able to use them to access recipes and competitions.
(Image: PA Wire)
Tesco said adopting the new codes would give it better information about products in stores, helping it to order more accurately and improve efficiency, reducing unnecessary waste.
In the event of product recalls, QR codes will allow retailers to identify specific batches instead of removing all items, avoiding throwing products away unnecessarily and improving availability.
Retailers will also be able to block the sale of affected items at the till and contact customers who may have purchased them.
It is part of a wider industry shift led by GS1, the global body responsible for barcode standards, which has set a target for retailers and manufacturers to be ready to accept QR codes.
Tesco development and change director Peter Draper said: “For customers, this is a tiny and almost invisible change at the checkout, but for the retail industry it’s a significant step forward.
“Moving to QR codes will help us reduce food waste, improve stock control and unlock new digital benefits for our customers.
(Image: PA Wire)
“Customers will continue to shop and pay in exactly the same way, but they’ll have the option to access far richer information about the products they buy simply by using their smartphones.
“Over time, this opens up exciting possibilities, such as personalised digital tools to help customers manage the food they buy and reduce waste at home.”
Anne Godfrey, chief executive of GS1 UK, added: “Tesco moving to QR codes powered by GS1 across an entire range marks a significant step forward for UK retail.
“It shows how the next generation of barcodes can support a more connected, transparent future. We hope this progress encourages others to follow Tesco’s lead so that consumers and businesses alike can benefit from richer, more trusted product information.”
-
Crime & Safety5 days agoLorry overturns on Oxfordshire A43 roundabout with driver trapped
-
Business & Technology1 week agoAqilla launches AI invoice tool to speed accounts payable
-
Oxford News6 days agoOxfordshire children care provider employed illegal staff
-
Crime & Safety2 weeks agoAmerican Akita and a French Bulldog seized after dog killed
-
Crime & Safety2 days agoOxford teacher who fiddled grades wants banning order ended
-
Oxford News1 week agoHow drivers react to new monk statue on town roundabout
-
Crime & Safety4 days agoRoadworks in Oxford cause Botley Road traffic chaos
-
Oxford News5 days agoEmirates issues new travel and flight update for Brits
