POST Online Media Lite Edition


Dutch internet banking fraud plunges as banks and consumers get smarter

Staff Writer |
Internet fraud cost Dutch banks just €148,000 in the first six months of this year, down 80% on the second half of 2015, according to the Dutch banking association.

Article continues below

By contrast, in the first six months of 2012, internet banking fraud netted nearly €25m – the worst figure on record.

The banks say the sharp drop is because they have improved their anti-fraud measures and consumers are much more alert to the risk of phishing and other scams.

However, crooks did still manage to con people out of €1.6 million by stealing bank cards.

What to read next

Banks against EU proposals to enable account switching
Cyber attacks hit 20% of Dutch companies, but few report it
Russia to fight credit cards fraud with chips