TSB releases shocking fraud data to urge caution as Black Friday and Christmas near

Summary

<p>TSB customer data has revealed that 45% of money lost through bank transfer fraud was the result of purchase scams.</p> <p>The bank has released data from between the beginning of this year and the end of September, which showed customers lost £2.6m to online <a href="https://www.computerweekly.com/news/366624880/Remote-purchase-fraud-surges-14-says-banking-industry">purchase fraud</a> during the period. It also found that two-thirds of the scams came via Facebook.</p> <p>Purchase fraud, which sees fake or non-existent goods advertised on online platforms, accounts for nearly half of the…

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