By Anna Fedorova

More than £500 million has been stolen from customers of UK banks in the first half of 2018, according to the latest data released by UK Finance.
Though the amount lost as a result of unauthorized financial transactions has fallen by 2% to £358 million in H1 2018, authorized push payment scams, where the account holder is duped into making the payment to another account, have risen by some 44% compared with the same period in 2017, to £145.4
Thanks for your interest in Euromoney!
To unlock this article, enter your e-mail to log in or enquire about access: