City police squad foils over EUR 27 mln of fraudulent online scams in six months

Friday 17 August 2018 08:59 CET | News

A specialist police unit backed by the City has foiled over EUR 27 million (GBP 25 million) in fraud cases in the past six months.

The Dedicated Card and Payment Crime Unit (DCPCU) tackles crooked bank staff, online card fraud and scams, to bolster the security of the banking industry.

Figures released show that 26 fraudsters were convicted between January and June 2018, thanks to DCPCU efforts, and seven organised crime groups were targeted.

The unit stopped frauds totalling GBP 25 million in the first six months of 2018, bringing the total to GBP 540 million since its inception in 2002.

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Keywords: City, online fraud, digital identity, Dedicated Card and Payment Crime Unit, UK
Countries: World