Europe

Banks must take “meaningful action” to tackle the threat of customers losing “life-changing sums of money” to fraudsters, a consumer group has said.

Consumer group Which? says banks have made little progress in protecting people from so-called push fraud.

Victims are conned into transferring money to the accounts of fraudsters, believing they are legitimate firms.

The banks’ anti-fraud group said it had a clear action plan which was being worked through.

The full original article can be found at bbc.com