Today’s news / Online banking scams doubled in one year
Last year there were 3842 cases of online banking fraud, where either the victims or the bank lost money. In total, nearly 105 million kroner was defrauded. (Archive). Photo: Kristian Djurhuus/Ritzau Scanpix

Online banking scams doubled in one year

The number of cases involving online banking fraud has doubled in the last year, according to Finans Danmark, an organization representing banks and mortgage institutions. Fraudsters have become more adept at deceiving victims, leading to the persistence of such crimes. Last year, 9,127 cases were reported, with either the customer or the bank losing money in 3,842 of these incidents. Older women are particularly targeted by criminals using names prevalent amongst that demographic. Commonly, the scam involves phishing through emails or text messages. However, the most considerable losses occur when criminals call victims, share a fictitious story, and instruct them to transfer funds. Michael Busk-Jepsen urges people to hang up on such calls and never share passwords or personal information, also recommending vigilance with approving transactions on Mitid.