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Gareth Shaw, Head of Money at Which?, said: “Fraudsters are quickly adapting to changes in our shopping habits as they find new and sophisticated ways to take advantage of people. “While the industry’s voluntary code offers greater protections against transfer fraud, the next government must make this mandatory to ensure all payment providers are signed […]
Gareth Shaw, Which? money expert, said: “Although the banking industry has started to raise awareness of fraud, banks are still placing too much responsibility on consumers to spot and protect themselves from sophisticated online scams. “We’ve heard from many people who have lost life-changing amounts of money through bank transfer fraud, but who have seen little […]