UK Online Banking Fraud Losses Spike Up 55%
Today's UK card fraud report was surprisingly positive - with card fraud losses down 23% for the first half of 2009 vs. 2008. However, there was much worse news with respect to online banking fraud - which spiked up 55% in the same period.
According to the industry report, "the increase is largely due to criminals employing more sophisticated methods to target online banking customers through malware scams – which target vulnerabilities in customers’ PCs - rather than the banks’ own systems which have proved more difficult for the fraudsters to attack. There were also more than 26,000 phishing incidents during January to June 2009 – a 26 per cent increase on the amount seen in the same period last year."
Add your comment... (note that all comments are reviewed before they're published)