scams
More than £570m stolen by fraudsters in first half of 2024
Losses where people were tricked into transferring money decreased in the first half of this year, UK Finance said.
Instagram launches new safety features to fight sextortion scams
The social media platform said it is using expert guidance to train technology to spot scam accounts and prevent them from contacting teenage users.
What every student needs to know about avoiding scams
Students’ busy social lives and stacks of financial admin can make it easier for scammers to prey on people at this time of year.
Bank payments could be delayed by three days under new anti-fraud rules
The Government said it was proposing laws that will extend the time that payments can be stalled by up to 72 hours.
Romance scams surge despite 65% thinking they would never fall victim, says bank
Santander UK has recently seen customers aged from 18 to 93 years old affected by romance fraud.
Revolut, Chase and Modulr agree to join 159 anti-scam service
Some 99.2% of UK current accounts will be covered by the 159 service, which helps potential scam victims contact their bank with a memorable number.
As Moira Stuart warns of bank fraud – 7 ways older people can avoid being scammed
Broadcaster Moira Stuart has revealed she nearly lost money in a bank scam. By Lisa Salmon.
Mastercard expands AI technology to help banks detect scams as they happen
The service has been extended to help receiving banks identify potential ‘money mule’ accounts being used by fraudsters.
AI voice cloning scam warning issued by bank
Starling Bank has suggested that people consider setting up a ‘safe phrase’ with loved ones that is never shared digitally.
Visa unveils initiative to boost consumer protection for bank transfers
From 2025, banks and businesses in the UK will be able to offer Visa A2A to consumers making bill payments such as utilities, rent and childcare fees.