Online banking fraud levels jump
May 8, 2009
According to a recent survey the level of online banking fraud in the UK has jumped as a result of a software application that allows fraudsters to track keystrokes made on a computer. The device that fraudsters are using is known as keylogging, and with this they can track the keystrokes made on a keyboard, and can then pick up on account information and passwords to access others’ accounts.
The UK’s payment clearance association, APACS, has said that as a result of fraudsters using sophisticated methods such as this to gain information about others’ accounts the level of online banking fraud more than doubled in 2008.
According to APACS the level of fraud in relation to online banking soared from £22.6 million in 2007 to £52.5 million in 2008. An increasing number of people have started to use online banking facilities over recent years, with more banks making these facilities available and more people deciding to conduct their banking transactions from the comfort and privacy of their own homes.
An official from APACS said: “The industry continues to remind customers to ensure that they have their computer’s firewall switched on and anti-virus software up to date.”
Written by Peter · Filed Under News Credit Cards
My debit card was unfortunately fraudulently used for B365 6 times over the internet. Luckily LLoyds Fraud squad alerted me!!! Thankfully I had my money repaid by Lloyds £240.
I,m Spanish, and my debit card was unfortunately fraudulently used for B356!! I have lost 800€. La policía está investigand. Espero recuperar al menos parte del dinero, porque el cargo se hizo en Reino unido y yo no estuve allí….
I lost 8900 pounds over three transaction to B365 in the period of 24 hours. This money did leave my account before my back stopped the card on their second attempt 2 days later to get a further 4000