Analysis of News relating to the Digital Money Ecosystem

Fraud costs the UK economy £190bn as incidents soar - City A.M.

13/11/2017 Link to source

Fraud costs the UK economy £190bn as incidents soar Online banking fraud has gown 226 per cent this year while telephone banking fraud is up 178 per cent. Read more: Serious Fraud Office doubles use of orders to freeze and seize assets. "Plastic card and online banking fraud continues to increase, so ...

Context

	United Kingdom The United Kingdom of Great Britain and Northern Ireland is a sovereign state located off the north-western coast of continental Europe.
	Online banking The Online Banking category includes those services that offer the ability to use the web to conduct a range of banking transactions.
	Economy and Economic Outlook As market development and business development activities involve a good understanding of the market conditions in each country, this topic on Economy pulls together knowledge related to Economic Outlook.
	Fraud Fraud can be committed through many media, including mail, wire, phone, and the Internet (computer crime and Internet fraud). The international dimensions of the web and ease with which users can hide their location, the difficulty of checking identi

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