Police and financers warn of online bank fraud

By investmentreview | 05/07/2022
Lobby group UK Finance note a record increase in the amount of money UK customers lost to online bank fraud in 2021

Bank customers lost a record £1.3 billion to online bank fraud last year, according to lobby group UK Finance. In 2021, investment fraud accounted for nearly one third of losses, with the promise of high returns enticing potential victims. UK Finance’s Annual Fraud Report notes that scammers are aware that pension freedoms have given over-55s…

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