Property News · July 30, 2016

Banks need to tackle web fraud


Losses from online crime are borne by customers but there are simple changes that could help protect themA child’s bike is stolen, and the police visit the distressed family twice in the space of a few days. Up the road, £37,000 is stolen, but the police don’t bother to visit, and no investigation takes place. Why? Because one is a physical theft, the other happened online.Britain is suffering an epidemic of financial crime, yet the institutional response is feeble, with banks the most to blame. The Office for National Statistics revealed this month that there have more than 5.8m incidents of cybercrime in the past year, far more than previously thought and enough to nearly double the headline crime rate in England and Wales. Continue reading…

Source : theguardian.com
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