Bank fraud leaps by a quarter to £755m
Banking customers are being urged to watch out for a growing army of fraudsters as losses due to fraud leaps by more than a quarter in just one year.
Criminals, often working in gangs, are targeting personal and business banking customers remotely to drain current accounts, new evidence suggests.
There was worrying growth in the number of victims of internet and telephone banking fraud in 2015, according to new data from Financial Fraud Action UK.
Total losses to remote banking fraud rocketed 72 per cent last year to reach £168.6million. Internet banking fraud losses were up 64 per cent to £133.5million, while telephone bank fraud losses ballooned 92 per cent to £32.3million.