News

Banking industry stops £4.5 million of fraud a day in first half of 2019

Finance industry stopped £820 million of unauthorised fraud in first half of 2019 Data compromised through social engineering and ‘digital skimming’ attacks have had a significant impact on fraud losses Investment scams account for largest proportion of personal customer losses to authorised push payment fraud The finance industry prevented £820 million of unauthorised fraud in … Continued

Banking industry prevented £1.66 billion of fraud in 2018

A total of £1.66 billion of unauthorised fraud was prevented by the banking and finance industry in 2018. This is comprised of: £1.12 billion in attempted unauthorised card fraud £318 million in attempted unauthorised remote banking fraud £218 million in attempted unauthorised cheque fraud A total of £1.20 billion was stolen by criminals committing fraud … Continued

Celebrities sent to Scam Academy

Carol Vorderman, Donna Air and Rufus Hound attend Scam Academy – part of the Take Five financial fraud prevention campaign led by Financial Fraud Action UK