BANKING FRAUD SKYROCKETS IN UK DESPITE FRESH SECURITY MEASURES (STA BREAKING NEWS and ARCHIVES)

by STANews , Saturday, September 20, 2014, 10:57

Card and online banking fraud are on the increase throughout the United Kingdom despite recent measures to bolster encryption methods, according to new figures from the Financial Fraud Action group (FFA UK).

The figures indicate a worrying trend in which fraudsters are turning to computer viruses to extract financial information, ranging from credit card details to intimate financial histories of internet users.

According to the FFA, £247.6m was lost due to banking fraud between January and June 2014, an increase of fifteen percent since last year.

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http://rt.com/uk/189108-uk-banking-fraud-rise/