Banking and payment scams have become an increasingly common way for fraudsters to gain access to people’s personal and financial information in recent years.
Earlier this year, a UK Finance report found fraud losses at British banks increased 8 per cent overall in the year to £1.3bn. It also revealed that losses from so-called authorised push payment scams - scams where a customer is tricked into a payment – grew 39 per cent to £583m.
