Losses to mobile banking fraud rose by 16% in the first half of 2022 – and the chances of getting your money back are slim.
In one shocking example, a thief drained £73,000 from a victim’s personal and business accounts, with only £15,000 recovered from the bank in question. We believe banks should be better at warning customers about the dangers of mobile phone fraud.
By following our three simple steps, you can reduce your chances of falling victim to mobile banking scams.
Source: Which? (3 May 2023)