The Fraud Problem ...the level of fraud in the UK is such that it must be considered a national security threat” UK Finance Retail banks and their customers lose nearly £600M a year in Authorised Push Payment fraud in the UK alone. This and the cost of living crisis are putting more pressure on call centres with Barclays having to hire 1,000 additional staff. As more people turn away from direct debits due to the lack of control, businesses are sending more payment requests by text and email perpetuating this fraud vector. A typical scam text
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