Fraud epidemic: antidote urgently required

There aren’t many things Britain is truly “great” at these days. Yet there’s one part of the fast-moving fintech economy where the UK is the undisputed world leader.

Unfortunately, it is fraud.

Criminals scammed UK banking customers out of a record £1.3bn in 2021, according to

released this week by UK Finance.

The UK is experiencing an “epidemic of fraud”, the trade body says, warning that “collaborative…