Which? calls for all banks to adopt anti-fraud measures

Consumer group says analysis shows £1bn lost to fraudsters since the start of 2017

The consumer group Which? is calling on the government to force all banks to adopt new anti-fraud measures, after finding that more than £1bn has been lost to bank transfer scams in just three years.

Which? analysed bank fraud statistics since the start of 2017 and says the losses to consumers has been at least £1.1bn.

Thousands of consumers have individually lost life-changing sums after being duped into handing over their life savings, with the banks mostly refusing to refund their losses.

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from The Guardian https://ift.tt/39UoALq