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“Criminals steal £500 million through fraud and scams in first half of 2018” reports UK Finance

New data from UK Finance shows that a total of £503.4 million was stolen by criminals through authorised and unauthorised fraud in the first six months of 2018. During the same period, the finance industry prevented £705.7 million of unauthorised fraud. That’s equivalent to...
Posted On 25 Sep 2018
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HMRC halts “thousands” of scam text messages as part of ongoing fight against fraud

Her Majesty’s Revenue and Customs (HMRC) has prevented thousands of taxpayers from receiving scam text messages, with 90% of the most convincing texts now halted before they reach their phones. The milestone comes during ‘Take Five To Stop Fraud Week’, with the...
Posted On 26 Jan 2018
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BSI launches Code of Practice to protect vulnerable customers from fraud and financial abuse

Business standards company the British Standards Institution (BSI) has launched a new Code of Practice that gives recommendations to organisations for protecting vulnerable customers from financial harm that might occur as a result of fraud or financial abuse. Sponsored by...
Posted On 20 Nov 2017
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Latest industry data from UK Finance highlights 8% year-on-year fall in financial fraud

Financial fraud losses of £366.4 million in the first half of 2017 were 8% lower year-on-year, figures from UK Finance have revealed. The data, which covers payment cards, remote banking and cheques, also highlights that the industry prevented over £750 million of fraud during...
Posted On 28 Sep 2017
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FFA UK’s latest industry statistics show financial fraud losses totalling £768.8 million in 2016

Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, the latest figures from Financial Fraud Action (FFA) UK highlight. This represents an increase of 2% on the previous year. The new data also outlines the fact that banks and...
Posted On 30 Mar 2017