Fraud

The Financial Conduct Authority (FCA) has asked Lloyds Banking Group about the problem of fraud which affects cancelled contactless cards, MoneySavingExpert.com has learned - in the first sign of the regulator taking action since we revealed the contactless card security flaw.

Tesco Bank says it restored normal banking facilities for its 136,000 current account customers by Tuesday night and insists it has now refunded about £2.5 million to the 9,000 victims of fraud identified following Saturday's major hack. If you bank with Tesco, don't assume it's all been put right – we explain your rights and what to check.

Fraud procedures at Lloyds, Halifax and Bank of Scotland have been placed under review after a MoneySavingExpert.com investigation revealed lost and stolen contactless cards can be used by crooks months after they're cancelled – with some banks failing to spot dodgy payments.

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.

Students at several major UK universities have been targeted by 'phishing' emails which claim to offer them a Government bursary - and some have lost £100s as a result. As students get ready for the new academic year, here's what to watch out for.

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.

Victims of fraud are losing an average of £20,000 after falling prey to 'investment' scams involving non-existent stocks and shares, diamonds and fine wines, Citizens Advice has found.

Fraudsters pretending to be from HM Revenue & Customs (HMRC) are expanding their unscrupulous activities after years of sending out fake emails to now calling unsuspecting consumers – and some are duping victims into paying them in gift cards and vouchers. But there are ways you can fight back against these phoneys.

Online fraud victims who do not take appropriate security steps to protect themselves should not be refunded by banks, according to Britain's most senior police officer.