Last year UK bank customers lost £236 million to scammers who tricked them into transferring cash into accounts run by criminals, reports Finextra. It is the first year that data on 'authorised push payment' scams has been released and follows a report from the Financial Conduct Authority that slammed banks' responses to APP scams as inconsistent and criticised banks for poor fraud detection systems and failing to collect data. The vast majority of scam victims (88 per cent) were retail banking customers, losing an average of £2784 each. But scamming a business is more lucrative: they lost (on average) of £24,355 each.