Bank customers are being left dangerously exposed to scammers because of weak security in some major banking apps, consumer group Which? Mobile banking apps allow users to make payments with their phone. As much as £15.7 million was reported lost to mobile banking fraud in the first half of 2022, according to UK Finance. But if a phone is stolen criminals can view these messages, helping them to access victims’ accounts. Fraudsters transferred £15,000 from his personal account and £58,000 from his business after gaining access to his Barclays mobile banking app.

Source: Daily Mail May 02, 2023 20:53 UTC