£32m of financial fraud stopped in first half of 2021

clock • 5 min read
£32m of financial fraud stopped in first half of 2021

Banks, building societies and Post Offices worked with the Police to prevent £32m of fraud in the first half of 2021, according to new figures from UK Finance. This is up 65% compared to the same period in 2020, pointing to a surge in activity from scammers targeting vulnerable savers during the pandemic. UK Finance said the ‘Banking Protocol' introduced in 2016 has now helped prevent £174m of financial fraud and urged savers to remain on their guard as ending of Government lockdown sup...

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