Money

Brits scammed out of £208m via bank transfers in first half of 2020


SOME £208million was scammed via bank transfers in the first half of this year, a finance body has revealed.

Banks were able to trace £73.1million — around a third — and return it to the victims, UK Finance said.

Over £200million was swindled via bank transfers in the first half of the year

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Over £200million was swindled via bank transfers in the first half of the yearCredit: Alamy

The scams were all “authorised push payments”, where the customer was fooled into sending funds.

A total of 66,247 cases were reported from January to June, a 15 per cent rise on last year.

Of those, 63,186 related to personal accounts while the other 3,061 were non-personal or business-related.

UK Finance’s Katy Worobec warned: “Always take a moment to stop and think before parting with your money.”

UK Finance also warned there is often a delay between criminals obtaining people’s details and using them to commit fraud.

The full losses from Covid-19-related scams in the first half of this year are still unknown.

UK Finance is urging customers to follow the advice of the Take Five To Stop Fraud campaign.

Up to £3.5BILLION paid out in wrong or fraudulent furlough schemes, HMRC fears

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