Security News > 2016 > September > UK: Financial fraud soars (Help Net Security)

More than 1 million incidents of financial fraud – payment card, remote banking and cheque fraud – occurred in the first six months of 2016, according to official figures released by Financial Fraud Action UK. To compare, in the first six months of 2015 there were a little over 660,000 cases. “Banks and other financial service providers work hard to protect their customers, using highly sophisticated security systems. Last year, banks stopped £7 in £10 … More →

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