Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2 per cent on the previous year, figures from Financial Fraud Action UK show.
UK banks and Financial Fraud Action UK launch dedicated day of action
A bank employee has been given a two-year suspended sentence for stealing from a customer’s account, following an investigation by the Dedicated Card and Payment Crime Unit.
Carol Vorderman, Donna Air and Rufus Hound have teamed up with Financial Fraud Action UK for Scam Academy, as part of Take Five - a national campaign to help consumers and businesses stop fraud.
A bank employee who defrauded two bank customers whom she regularly served has been given a suspended sentence.
Commenting on the publication of crime figures by the Office for National Statistics today (Thursday, 19 January 2017), Katy Worobec, Director of Financial Fraud Action UK, said: “Banks work extremely hard to protect their customers and stopped £6 in every £10 of attempted fraud in the first half of 2016.
Commenting on the publication of the Payment Systems Regulator’s response to the Which? super-complaint, Katy Worobec, Director of Financial Fraud Action UK, said: “Protecting customers from fraud has been and continues to be the banks’ priority. Banks have worked hard to enhance customer protection and will continue to do so."
Almost a third (31 per cent) of British online shoppers admit that they are more likely to take a financial risk (for example shop on an unfamiliar or unsecure website) if an online retailer offers them a bargain, research released by Financial Fraud Action UK (FFA UK) reveals today.
Consumers should be alert for unsolicited phone calls, texts and emails following a reported data breach at the mobile network operator Three, Financial Fraud Action UK is warning.
Seven in ten businesses leaders and managers have admitted they have not taken any action to protect their business and employees from financial fraud, new research from Financial Fraud Action UK has revealed.