A ground-breaking fraud prevention scheme aimed at identifying and protecting potential fraud victims when they visit a bank or building society branch has stopped more than £9 million being passed to criminals in its first year of operation, figures from UK Finance show.
SCAM ALERT: Criminals impersonate police in fake investigation scam
New data released today shows a sharp rise in the number of 18 to 24 year olds who are letting their bank accounts be used to transfer the proceeds of crime.
A gang of fraudsters have been jailed for their involvement in the theft of £610,000 from business bank accounts.
The industry publishes new data exposing the growing problem of criminals targeting customers by tricking them into authorising a payment.
Consumers are warned to be alert for any suspicious phone calls, texts and emails from fraudsters claiming to be from their bank, the police or other trusted companies, following the potential data breach at Equifax
Financial fraud losses of £366.4 million in the first half of 2017 were 8 per cent lower year-on-year, figures from UK Finance show.
Members of a north west-based gang who used fraudulently-obtained bank cards to steal more than £300,000 were sentenced at Preston Crown Court on Friday, 1 September 2017.
A fraudster whose bedroom contained an ‘Aladdin’s cave’ of card skimming equipment has been jailed for four years and six months.
Two fraudsters have been jailed for their roles in the dispersal of almost £120,000 of stolen funds. Clive Coombes and Eddie Ellis were sentenced to a total of more than five years in jail following the laundering of the stolen money through a series of bank accounts.