BANKS WANT FRESH UK LAWS OUTLAWING CYBERCRIME
April 1st, 2021
“Nearly every scam now has an online element,” as criminals exploit Covid-19 lockdowns and rise in online life, according to banking industry association, UK Finance. Its report ‘Fraud - The Facts 2021 – the definitive overview of payment industry fraud’, shows a 22% year-on-year rise during 2020 in authorised push payment (APP) fraud volumes, where people are tricked into transferring funds to criminals who often pose as trusted organisations, such as the UK National Health Service (NHS), utility companies, the police or the government. There ...
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