Financial Fraud Action

Bank customers who have cancelled a lost or stolen contactless card may no longer have to check months or even years of statements for signs of fraud, after the regulator announced new measures to tackle a major security flaw following a MoneySavingExpert.com investigation.

The Payment Systems Regulator (PSR) has rejected calls from consumer group Which? to make banks refund the victims of transfer fraud – though it's admitted they "could do more" to help customers duped in this way.

Cases of financial fraud have increased by more than 50% year-on-year with more than one million incidents reported in the first half of 2016, latest figures from Financial Fraud Action (FFA) have shown.

The chair of the House of Commons' influential Treasury Select Committee has called for banks to do more to protect customers after MoneySavingExpert.com revealed that crooks are able to use contactless credit and debit cards months after they've been cancelled.

Bank customers whose lost or stolen contactless cards have been cancelled may need to comb through months or even years of statements to check for fraudulent transactions, an MSE investigation has found.

About 2.4 million former and existing mobile phone users who took out contracts or bought handsets via Carphone Warehouse and its subsidiary brands are being encouraged to alert their bank about a potential data breach as soon as possible.

Nearly 100,000 customers with Staysure travel insurance policies should check their card and bank statements now for fraudulent transactions, after a cyber-attack saw card details stolen from the firm.

Consumers are being warned to never give out their Pin after a fresh wave of reports about a "courier scam", which criminals have used to steal millions of pounds from victims in recent years.

If someone calls you claiming to be from an anti-fraud team, be wary — it could be part of a new phone scam called "vishing".

Google Chrome users should make sure they don't save important passwords in the internet browser, as it's been revealed these are stored with little security, so anyone using your computer could access your online accounts.