Losses due to fraud in Internet banking has fallen by 82 percent




Payments Association Netherlands and the Dutch Banking Association report that the loss has decreased by fraud in online banking with 82 percent. In the last six months of 2015, the loss amounted to 814,000 euros in the first half of 2016 was 148,000 euros.

The decrease according to the association mainly because malware and phishing becoming less victims. Banks are getting better at detecting fraud attempts and customers leave almost not cheat anymore. In comparison, the damage in internet banking in the first half of 2012 amounted to 24.7 million euros.

Despite the positive feedback, the association warns of damage caused by lost or stolen debit cards, representing a loss of 1.62 million euros, and for newly-opstuurfraude. Pas-opstuurfraude entices people to send their debit cards by mail to a false address and enter the corresponding PIN to a fraudulent website.

To tackle the fraud in online banking, working financial institutions, companies in the IT security and government agencies together, including within the Electronic Crimes Task Force.

The total damage from fraud in the payment and phishing this year so far 4.69 million. Over 2015 was 17.9 million, and it is therefore expected that the total damage failure much lower this year.


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