Regulators have highlighted the challenges faced by victims of push payment scams in recovering their lost funds, with many cases resulting in financial losses that are rarely reimbursed. Lynn Beattie, a personal finance expert, shared her experience of having her identity stolen, which left her feeling fearful and upset, emphasizing that such incidents can happen to anyone. John Breyault from the National Consumers League stated that the harsh reality is that most victims of such crimes never recover their money. Additionally, Matthew Wright recounted his ordeal of falling prey to fraudsters, revealing that he is still trying to reclaim nearly £20,000 after being targeted. These accounts underscore the urgent need for improved protections within the banking system to prevent such scams and ensure victims can recover their losses.