Malware ''leading to rise in online banking fraud''
Date posted: 12 Mar 2010
Published by Tim Hill
The recent increase in online banking fraud losses has arisen because of things like malware, it has been noted.
Last year saw losses relating to such fraud hit £59.7 million, the UK Cards Association believes.
While phishing is said to have caused problems for many people, the organisation suggests that a number of online banking users have also seen their computers attacked by malware.
Between 2008 and last year, online banking fraud losses went up by 14 per cent, the association notes.
Published by Tim Hill
The recent increase in online banking fraud losses has arisen because of things like malware, it has been noted.
Last year saw losses relating to such fraud hit £59.7 million, the UK Cards Association believes.
While phishing is said to have caused problems for many people, the organisation suggests that a number of online banking users have also seen their computers attacked by malware.
Between 2008 and last year, online banking fraud losses went up by 14 per cent, the association notes.
"The industry remains committed to containing and reducing all areas of fraud," stated Fraud Control Steering Group chairman David Cooper.
"To this end, we will continue our partnership approach - working with law enforcement, retailers, consumers and the Home Office."
Meanwhile, Tony Neate, managing director of Get Safe Online, has recently encouraged people to take action to protect their computers from the threats posed by online criminals.
Please contact Patrick Farrant, Head of Technology for further information or call 01223 225181
