Online banking fraud up by 48%
Losses from online banking fraud rose by 48% in 2014 compared with 2013 as consumers increasingly conducted their financial affairs on the internet.
The rise is due to increased use of computer malware and con-artists tricking consumers out of personal details, Financial Fraud Action said.
In addition, fraudsters are targeting firms in order to steal bigger amounts.
However, the £60m loss is considered to be “relatively modest” with more than half of UK adults using online banking.