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Fraud cases have risen by 16% with con artists stealing more than £3m a day, according to figures from the banking industry. Criminals have particularly targeted victims by tricking them out of their one-time passcodes, trade body UK Finance said.

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Financial Times

London

Greater London

England

United Kingdom

Card fraud scourge prompts fresh call for social media action

Fraud cases have risen by 16% with con artists stealing more than £3m a day, according to figures from the banking industry.Criminals have particularly targeted victims by tricking them out of their one-time passcodes, trade body UK Finance said.

Ad Fontes Media

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BBC News

Government of the United Kingdom

Fraudsters steal £3m a day as cases rise

Losses where people were tricked into transferring money decreased in the first half of this year, UK Finance said.

The Independent

Evgeny Lebedev

More than £570m stolen by fraudsters in first half of 2024

Losses from unauthorised fraud increased in the first half of this year, while losses where people were tricked into transferring money fell, according to banking industry body UK Finance.

Shropshire Star

MNA Media

Ketley

Shropshire

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

£570mn stolen in the first half of the year, says UK Finance

Nikkei Inc.

Most of the money was stolen via unauthorised access to payment cards

My London

Reach plc

Fraudsters stole more than £570m in first half of 2024, says banking industry

Losses from unauthorised fraud increased in the first half of this year, while losses where people were tricked into transferring money fell, according to banking industry body UK Finance. In total, criminals stole £571.7 million through unauthorised and authorised fraud in the first half of 2024, a 1.5% decrease compared with the first half of 2023. Losses due to unauthorised transactions across payment cards, remote banking and cheques were £3…

Jersey Evening Post

Claverley Group

UK Finance today releases its Half Year Fraud report, detailing the amount its members reported as stolen through payment fraud and scams in the first half of 2024. 
Criminals stole £571.7 million through unauthorised and authorised fraud, a 1.5 per cent decrease compared to the first half of 2023 Banks prevented £710.9 million of unauthorised fraud through advanced security systems. 72 per cent of APP fraud started online and 16 per cent starte…

Fintech Finance

Over £570 Million Stolen by Fraudsters in the First Half of 2024

UK Finance today releases its Half Year Fraud report, detailing the amount its members reported as stolen through payment fraud and scams in the first half of 2024.     Criminals stole £571.7 million through unauthorised and authorised fraud, a 1.5 per cent decrease compared to the first half of 2023.

Fraudsters steal more than £3m a day as cases rise

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