‘Push’ fraud growing and EU migrant rules agreed

More than £500m was stolen from British bank customers in the first half of 2018. A significant chunk, £145m, was lost to so-called “push” fraud, in which people are conned into sending money to another account. Purchase scams, in which people pay for products or services that don’t exist, were the most common form. Crucially, those duped in this way usually don’t get their money back because banks hold the victims themselves liable.

Tuesday’s figures from industry group UK Finance show push fraud is becoming much more common, and the Financial Ombudsman has warned banks it’s unfair to put it down to customer…