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 up to these vital measures.
“Meanwhile, the banking industry and regulators must urgently agree a reimbursement fund that ensures all innocent victims have their money returned should they be affected by this devastating crime.”
Notes to editors:
1) How to spot a fake or fraudulent website: https://www.which.co.uk/