March 2012

Following the National Debt statistics mentioned last month, March has seen the publication of fraud loss figures. These have fallen to a ten year low on our debit and credit cards but telephone and cheque crime has increased. The figures show that online banking fraud has also fallen but that telephone banking and cheque fraud have risen 32% and 17% respectively.

Whilst people generally seem to be more aware of using anti virus software on their computers, malware and phising attacks have seen an 80% increase since 2010. Most telephone banking fraud losses are down to customers being duped with fake e-mails or cold calling scams encouraging them to divulge their personal information.