Key facts
- UK banks reported a 19% surge in fraud losses in 2025.
- Total fraud losses for UK banks reached £576.4 million in 2025.
- AI is enabling more sophisticated scams.
- UK banks reimbursed £354.3 million to fraud victims under new rules.
- Industry bodies are calling for greater tech platform responsibility.
- China's courts are seeing a surge in AI-related cases.
- AI cases in China include employment disputes, copyright, and personality rights infringements.
- Experts warn that a lack of clear legislation hinders oversight in China.
- There are calls for a unified legal framework in China to balance innovation and ethics.
In 2025, UK banks reported a significant 19% surge in fraud losses, totaling £576.4 million. This increase is attributed to the growing sophistication of scams, largely enabled by advancements in artificial intelligence. Under new regulations, banks reimbursed £354.3 million to victims of fraud. However, industry bodies are advocating for greater accountability from technology platforms, suggesting they play a more active role in combating these evolving threats.