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Fraud Updates
PCB News
Fraud Updates 2006
7 November
The latest figures released by APACS reveal that fraudsters are now targeting banks and their customers with the result that on-line bank fraud has increased by 55% in the UK in the first 6 months of this year when compared to the first 6 months of 2005.
The figures show that fraudsters are constantly changing their targets but not necessarily the method of their crime. The increase in on-line banking fraud is attributed to customers receiving emails purportedly from their bank asking that they disclose their personal banking details.
Whilst the customer may have recourse to its bank for the losses suffered, the bank’s remedies may not be limited to pursing the fraudster but other parties who have been involved.
| January 2007 | October 2006 |