By NewsBlogger Which? has raised concerns about the proliferation of copycat websites impersonating banks, leading to calls for stricter government measures to combat fraud, while major financial institutions have implemented security measures to protect customers and the government has taken proactive steps to address the issue.
At a glance
- Which? raised concerns about copycat websites impersonating banks
- Over 2,000 URLs featuring UK bank brands were reported to a phishing blocklist
- Which? called for stricter government measures to combat fraud
- Major financial institutions implemented security measures to protect customers
- The government established a national fraud squad and launched public awareness campaigns
The details
Recently, Which? has raised concerns about the proliferation of copycat websites impersonating banks and attempting to deceive individuals into disclosing confidential information and money.
The DNS Research Federation revealed that in 2023, more than 2,000 URLs featuring UK bank brands were identified and reported to a phishing blocklist.
To combat this issue
Which? has called for stricter measures to be implemented by the government, emphasizing the need to prioritize the fight against fraud on a national level.
They have specifically proposed the enforcement of a duty on domain registrars to prevent scammers from establishing fraudulent websites.
In response to these threats, major financial institutions such as HSBC UK, Lloyds Bank, NatWest Group, and Santander have implemented various security measures to safeguard their customers from falling victim to fraudulent activities.
Government response
Additionally, the government has taken proactive steps to address the issue of fraud, including the establishment of a national fraud squad, hosting a global summit, and launching a public awareness campaign.
The National Cyber Security Centre’s Suspicious Email Reporting Service has also played a significant role in combating fraud by eliminating over 168,000 scams from the internet.
Overall, the collaborative efforts of consumer advocacy groups, financial institutions, and government agencies are crucial in combating the growing threat of fraudulent activities targeting unsuspecting individuals online.
It is imperative for regulatory bodies and industry stakeholders to continue working together to enhance cybersecurity measures and protect the public from falling prey to malicious actors.
Article X-ray
Sources
Here are all the sources used to create this article:
Facts attribution
This section links each of the article’s facts back to its original source.
If you suspect false information in the article, you can use this section to investigate where it came from.
| independent.co.uk |
|---|
| – Which? has urged for tougher action to stop copycat websites posing as banks – The DNS Research Federation found over 2,000 URLs containing UK bank brands reported to a phishing blocklist in 2023 – Copycat banking websites try to trick people into handing over personal details and cash – Which? called for the next government to make fighting fraud a national priority – Which? wants a duty on domain registrars to prevent scammers from setting up fraudulent websites – Major banks like HSBC UK, Lloyds Bank, NatWest Group, and Santander have measures in place to protect customers from fraud – |
| The government has launched initiatives like a national fraud squad, a global summit, and a public awareness campaign to tackle fraud – The NCSC’s Suspicious Email Reporting Service has removed over 168,000 scams from the internet |
