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Online Fraud Drops As Users get Familiar withTricks

Online Fraud Drops As Users get Familiar withTricks

Online fraud has fallen as consumers become familiar with the stunts pulled by online fraudsters to pocket bank details.

While the number of phishing attacks has risen to an all-time high, online banking fraud losses are down to £46.7m, which represents a 22-per cent drop from 2009 to 2010, according to figures from trade body the UK Cards Association.

A spokeswoman for the association said that this fall is partly due to consumers understanding the risks involved in giving their details away. "People are receiving phishing emails but are not clicking on the links or giving out their details. People have become savvier and are reporting these emails instead," she said.


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