UK payment firms urge regulator to delay controversial fraud refund rules June 10, 2024 Firms have urged the UK payments regulator to delay fraud reimbursement rules following growing criticism of the measures and the recent departure of the watchdog's head.
British tech giant Mike Lynch acquitted after 12-year legal battle June 7, 2024 Lynch was initially charged with 16 counts, including wire fraud and conspiracy but one charge of securities fraud was dropped during the trial.
Brits lost more than £1bn to fraudsters last year as purchase scams hit record high May 22, 2024 Brits lost more than £1bn to fraudsters last year, new figures show, as purchase scams surge to a new record and social media firms face tough questions over the high levels of fraud originating on their platforms.
Banks drive finance complaints up by a fifth as ‘unaffordable’ credit cards slammed May 1, 2024 Issues with banking and credit cards drove official finance complaints up nearly a fifth in the second half of last year, new figures show, as customers were hit by fraud and "unaffordable and irresponsible lending".
Consumer group names TSB, Co-op Bank and Monzo as worst major banks for mobile app security April 24, 2024 The group reviewed the apps and websites of Britain's 13 largest current account providers between January and February, with assistance from computer security experts.
‘Moral mission’: Sunak to reform benefits system in fight against long-term sickness April 19, 2024 Rishi Sunak has announced plans to reform Britain’s disability benefits system in what he called a “moral mission” to address the rise in long-term sickness.
UK failing to fight ‘dirty money epidemic’ costing £350bn a year, MPs warn April 17, 2024 The UK is “utterly failing” to fight the “dirty money epidemic” that is costing £350bn a year, MPs have warned.
Brits lose more than £2.6bn to investment scams since 2020, pension body warns April 2, 2024 Britons have lost more than £2.6bn to investment fraud since the start of 2020, according to new research, as experts warn of the rise of scams originating on social media.
Bank fraud helpline hits 99 per cent coverage as Monzo bolsters efforts March 26, 2024 The banking industry's answer to 999 now covers nearly all UK current accounts after Monzo joined the anti-fraud service, with the digital lender facing criticism for its performance on tackling scams.
High street bank bosses warn of rising fraud threat from social media March 20, 2024 Bosses from the UK's biggest high street banks have told MPs that they are improving their fraud reimbursement rates, while calling for greater cooperation with social media companies to prevent scams that originate on their platforms.