Figures released today by UK payments association Apacs show that online bank fraud losses rose by 55 per cent from £14.5m in the first six months of 2005 to £22.5m in the same period this year. These losses primarily involve phishing scams – typically where customers receive an email that seems to come from their genuine bank but is in fact from fraudsters who try to dupe them into disclosing personal banking security information. Full Story
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