Article preview: A new analysis of thousands of authorised push payment scams has found that more than two-thirds originated online. The analysis by industry body UK Finance highlights the role of online platforms in enabling financial fraud. The discovery that 70% of the bank transfer frauds originated from the Internet coincides with the publication of the draft Online Safety Bills, which includes user-generated content on social media platforms and dating apps, but not all economic crime.
Most of these scams start online
This 415-word blog post considers new research from UK Finance to coincide with the publication of the draft Online Safety Bill. Written on 14th May 2021.
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