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Today, Money Mail calls on the banks and the telecoms giants to do more to protect customers from fake calls and texts.
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In the first six months of the year, around £145 million was lost to so-called authorised push payment fraud - where people are conned out of savings by sophisticated scammers typically posing as their bank, telecoms provider, HMRC or the police. We have continued to fight victims' corners and in 2016 also launched our Beat the scammers section. This is Money's campaign for banks to help phone fraud victims was started in 2014 and scored a victory when banks and building societies stepped up their warnings to customers. Last week The Daily Mail launched a campaign for fairer treatment for victims of bank scams. They say they had no idea fraudsters had access to technology letting them replace their number with that of a bank. Victims of bank transfer fraud routinely say the only reason they acted on the fraudster’s instructions was because the phone number looked correct. Beat the scammers | Essential news and guides to avoid fraud.but the loyalty penalty ban may soon end that Is the cost of your insurance about to jump? Shopping around for home and car cover saves £456 A YEAR.Private equity baron Guy Hands injects £38m into hotel chain run by his wife Julia after it made £19m loss last year.
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