Thousands of potentially fraudulent banking copycat websites pose a significant threat to unsuspecting consumers, new research has claimed.
A report by consumer champion Which? reports more than 2,000 suspected banking copycat websites were identified in 2023 alone. These websites deceive victims into sharing personal information, such as payment details, by mimicking legitimate sites.
As a result, Which? is urging domain registrars to do more to prevent such scams, calling for new legal duties.
Online banking fraud is on the rise
Partnering with Oxford-based non-profit DNS Research Federation, Which?’s research into the prevalence of these scams uncovered more than 2,000 blocklisted URLs mimicking brands like Barclays, HSBC, Halifax, Lloyds, Monzo, Nationwide, Santander and…
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