Web crime wave sees bank fraud hit £6million a month: Internet scams soar by 71% after branch closures force savers online

Banks have been accused of leaving savers exposed to criminal gangs following a startling surge in fraud.

Critics say lenders are failing to ensure customers’ money is safe as losses from telephone and online fraud hit £35.9million between January and June – a rise of 59 per cent in a year.

Internet fraud alone – where criminals hack into accounts using password details – soared by 71 per cent to £29.3million.

The extraordinary increase between January and June comes as customers are under rising pressure to access their accounts online – as banks say fewer overheads enable them to offer better rates.

Read more: http://www.thisismoney.co.uk/money/saving/article-2753277/Online-banking-fraud-increases-71-year-according-FFA-UK.html#ixzz3DNDNR9aw