FINANCE INDUSTRY STOPS £1.4 BILLION IN ATTEMPTED FRAUD

Banks and card companies prevented £2 in every £3 of attempted unauthorised fraud in 2017. Unauthorised fraud losses fell 5 per cent to £731.8 million in 2017. New 2017 data shows £236.0 million lost to authorised push payment scams. Deception and impersonation scams continue to be a key driver of both unauthorised and authorised fraud. […]