Scammers Steal Half-A-Billion Pounds From UK Banking Customers


From BBC News.


More than £500 m was stolen from customers of British banks in the first half of 2018, figures have shown.

Industry group UK Finance said £145 m of that was due to authorised push payment (APP) scams, in which people are conned into sending money to another account.

But £358 m was lost to unauthorised fraud, which includes transactions made without account holders’ knowledge.

Unauthorised fraud victims are usually refunded by their banks, but most victims of APP fraud do not get their money back.

This is because current legislation means they are liable for any losses incurred if they authorise a payment themselves.


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