World: Banks, regulators move to protect customers from wave of coronavirus scams in UK, U.S.

UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.

With British households effectively on lockdown, some banks said customers had already been caught out by fraudsters posing as banks, government and even health service providers to persuade victims to hand over passwords or other sensitive data.

Fraud is also on the rise in the United States, where regulators have warned about investment and data theft scams.

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