CRIMINALS EXPLOIT COVID-19 AS FRAUD MOVES INCREASINGLY ONLINE

Unauthorised fraud fell by eight per cent to £374.3 million in first half of 2020, as the banking industry prevented £853 million of losses. Criminals are exploiting and adapting to Covid-19 with a rise in online data harvesting and a fall in cheque and contactless card fraud. £207.8 million was lost to Authorised Push Payment (APP) … Continued

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