UK Treasury Select Committee says banks doing 'little work' to combat online fraud

Online fraud

A report issued by a UK government committee states banks have done "little work" to improve online security and protect customers from online fraud. The UK Treasury Select Committee says that, when switching to internet banking, a customer is at a higher risk of fraud than when using regular banking.

The paper, however, does state reported internet fraud in 2009 decreased by 15% from 2008, during a period when internet transactions rose by 14%. George Quigley, a London-based risk and advisory

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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