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Financial Fraud Action UK (FFA UK) has today published a statement revealing that financial fraud in the first half of 2016 increased by a quarter to £399.5 million ($490.2 million) as a result of scams and online attacks, with over one million cases of fraud recorded.
FFA UK is an organisation under which the financial services industry co-ordinates its activities on fraud prevention, representing a united front against financial fraud and its effects.
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According to FFA UK’s statement, banks’ security systems continued to prevent the majority ... (read more)