UK online banking fraud losses soar 48%

Online banking fraud jumped 48% to £60.4 million in 2014, according to figures put together by Financial Fraud Action UK (FFA UK), which blames the rise on malware and confidence tricksters.

However, with just 53192 actual incidents of online banking fraud losses in the year, the FFA says that the problem is “relatively modest” for a country where nearly 30 million people bank on the Web.

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